Argentina’s benchmark peso is down more than 8 percent in 2017, as the country’s exports surged as a result of a booming business sector and a rise in consumer spending.
But the decline in the peso against the dollar is being overshadowed by the economy.
The peso fell to around 9.542 US dollars on Wednesday, down about 9.1 percent from the year before.
Argentina is Argentina’s biggest export market, with its export volumes up about 15 percent year-on-year.
But this year the government’s focus is on its economy, which has been suffering from the effects of the global financial crisis.
The government announced that imports from the United States and Europe are up nearly 10 percent from last year, the highest in the world.
The drop in the economy was due to the weak peso.
The Argentine economy is in the process of recovering from the economic meltdown that hit Argentina in 2013.
But Argentina’s economic recovery has also been affected by the collapse in global oil prices.
Argentina’s economy is now down to $2.4 billion.
Argentina had the fourth largest foreign currency reserves in the World Bank in December, according to the International Monetary Fund.
Argentina was one of the top exporting countries in Latin America, and it exported $1.3 trillion in goods and services last year.
It is expected to export $1 trillion this year.
Argentina has been struggling to find jobs for some of its people.
Its unemployment rate stood at 20 percent in the first quarter of 2018.
Argentina expects to export another $1 billion in 2018.
The economy is also struggling with inflation, which reached 8.7 percent in January.
The price of gasoline, a major export, is about 25 percent higher than a year ago.
Argentina imports about 80 percent of its oil and natural gas, and imports another 40 percent of the rest.
The country has been exporting about $300 billion in goods this year and exports $600 billion.
The central bank has lowered interest rates from 8 percent to 5 percent, and the central bank governor has said he will raise the interest rate in 2018 from 3 to 5.
Argentina recently announced it will hold a referendum on whether to approve an IMF loan program worth about $10 billion.