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Recently, a commentary I read indicated the "street" exchange rate in Argentina was 7:1 (seven pesos per USD). I would visit again soon by using a big wad of Dollars!
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In July of 2001, Standard and Poor's (S&P) cut the credit rating of Argentina. S&P did the same thing to the U.S. rating 10 years later (2011). There was uproar regarding halls of Congress concerning this even though arguably, the lower credit rating could have fallen much earlier. To make matters worse, You.S. credit agencies granted pristine ratings to mortgage-backed securities in their heyday. Fitch, another credit agency, is warning of further action against the U.S. enjoying a.
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