Exact(59)
The peso is the monetary unit.
In Argentina, the peso is written with a dollar sign.
At nornal prices the peso is undervalued by 5% not 52%.
In fact the peso is pegged at 24 to the CUC.
By law, Argentina's peso is pegged at par to the dollar.
The budget is in deficit, the current account is near zero, and the peso is overvalued.
When it comes to the currencies, however, Argentina's peso is strong, while its economy is weak.
Admission is $1 (the peso is on a par with the dollar).
The dollar-pegged peso is hurting exports and may be too overvalued to sustain.
Its currency, the peso, is the strongest it has been in nearly three years.
The peso is suddenly so strong it is inflating the prices of Mexico's exports.
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