3% against the US dollar. Given that the Big Mac in Uruguay costs Pesos 259, and in the US US$ 5,58, the implicit exchange rate is 46,42 Pesos, or the long term equilibrium price in the domestic ...
There are two myths that people hold like a cute puppy. Highly educated or not, worldly or provincial, most people believe that “paper” money is a substitute for something else. We cling to the sweet ...
The Kenyan shilling (KES) showed a modest gain against the US Dollar (USD) on Wednesday, buoyed by foreign exchange inflows ...
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