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The peso value of dollar-denominated foreign debt went through the roof, leaving Argentina with no choice but to default.
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For more than a decade, until early last year, the Argentine economy operated under a system known as convertibility, with one peso valued at one dollar, and the two currencies were used almost interchangeably in ordinary transactions.
Here they only take local pesos, valued 25.5 times lower than CUCs.
The Mexican peso's value against the US dollar has dropped by 27percentt since mid 2014 when it was valued at around 13 pesos.
Hopefully they'll give views on the alarming tumble in the Argentinian peso's value this week.
With the slide in the peso's value, most of his prices have sharply risen.
Midway through construction of the first two theaters, the peso's value collapsed and Mexico entered a demoralizing economic crisis.
The peso's value began climbing last year and has increased more than 9 percent since the beginning of 2010.
The mechanism, last used in 2009, will temper volatility rather than defend the peso's value, the bank says.
In 1985, the new peso, its value eroded by inflation, was in turn supplanted by the austral, worth 1,000 new pesos.
Reuters reports that shopkeepers spent the weekend slapping new price tags on imported goods, to reflect the 20% slump in the peso's value this last week.
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