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submitted 1 year ago by zephyreks@lemmy.ml to c/worldnews@lemmy.ml
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[-] LufyCZ@lemmy.world 12 points 1 year ago

The black market rate was around 1000 pesos per dollar and the official was 400. They devalued it to bring it closer to the black market one.

If the official rate meant anything, the black market one wouldn't be so drastically different.

this post was submitted on 25 Dec 2023
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