Argentine peso loses 30% of the value
Q. Which country’s currency lost 30% of its value after controls were lifted on 18th December 2015?- Published on 21 Dec 15a. Chinese yuan
b. Japanese yen
c. US dollar
d. Argentine peso
ANSWER: Argentine peso
Following the lifting of controls, Argentine peso lost 30% of its value after a pro business government scrapped forex restrictions introduced by leftist predecessors. Following the close of the first day in the absence of currency limits, dollars were changing hands for 14 pesos which is 42% higher than closing rate.
