Parallel Exchange Rate News Today

(Bloomberg) -- Argentina’s peso is tumbling as Argentines rush to exchange pesos for dollars ahead of presidential elections later this month, posting its worst losses since an August selloff. Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpOnly an Equities Crash Can Rescue the Bond Market, Barclays SaysOzempic Is Making People Buy Less Food, Walmart SaysIt's Done. The Future Is Battery-Powered Electric CarsTraders on Edge Ahead of Critical Payr...

The World Bank says the current multiple exchange rate system operated by the CBN leads to lower economic growth, is related to high inflation