Argentina’s black market peso tumbles on ‘tourism tax’ fears

Argentina’s black market peso fell almost 8% against the dollar on Monday after a senior official flagged the return of a so-called tourism tax on spending in dollars, a move to help prop up the local peso and help fill drained state coffers. The peso was down 7.93% at 72.50 per U.S. dollar in the informal market, traders said.

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Source: Reuters