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Argentine Pesos Smallest Unit Centavo Now Equals One Satoshi

btcmanager.com

Following in the footsteps of the Lebanese Lira, the Centavo – the smallest denomination of Argentina’s currency – is now approximately worth one satoshi or 1/100,000,000 of a bitcoin (BTC). The economic crisis in Argentina continues to worsen as according to a post on subreddit r/bitcoin by Argentinian Redditor, OneMoreJuan, the smallest unit of the Argentine peso, a Centavo, is now approximately worth one satoshi (SAT) which is one one-hundred-millionth of a bitcoin.

The rise of the blue dollar could be attributed to myriad monetary factors, including limits on currency conversions, strict regulations, exorbitant fees, and taxes that have made it near impossible to use the official rate of Argentine pesos to the USD. At press time, the unofficial buy rate stood at 119 ARS (Argentine pesos) per USD.

Read in Full: btcmanager.com
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