Dollar & Peso

The funds are the second part of the current deal that was signed in 2020 and renewed this year

Although lots of people use them, very few know the specifics of their operations or who are the actors involved

The Argentine government slapped Prometeon, a licensee of the Milan-based tire manufacturer Pirelli, with a US$20 million fine on Thursday for over-declaring the value of its imports by that sum. According to an investigation by Argentina’s tax and customs authorities, from 2020 to 2022, Prometeon regularly sent tires …

Shoppers who have never set foot in Argentina have been scoring massive discounts on online purchases by setting the payment currency to Argentine pesos.  The trick, which meant their transactions were processed at the “foreign tourist dollar” rate intended for international visitors to Argentina, was used as far …

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