{"id":1449134,"date":"2024-01-08T03:45:00","date_gmt":"2024-01-08T08:45:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1449134"},"modified":"2024-01-08T03:45:00","modified_gmt":"2024-01-08T08:45:00","slug":"the-argentine-peso-was-not-the-most-devalued-currency-of-2023","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/the-argentine-peso-was-not-the-most-devalued-currency-of-2023\/1449134\/","title":{"rendered":"The Argentine Peso Was NOT The Most-Devalued Currency Of 2023"},"content":{"rendered":"<p><span class=\"field field--name-title field--type-string field--label-hidden\">The Argentine Peso Was NOT The Most-Devalued Currency Of 2023<\/span><\/p>\n<div class=\"clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item\">\n<p>According to Bloomberg&#8217;s financial monitor,<strong> the currencies of Lebanon and\u00a0<a href=\"https:\/\/www.statista.com\/topics\/2402\/argentina\/\">Argentina<\/a>\u00a0experienced significant devaluations against the dollar last year.<\/strong><\/p>\n<p>The Lebanese pound recorded the highest loss of value against the U.S. currency, depreciating by 89.89 percent.<\/p>\n<p><strong>Following close behind is the Argentine peso, which lost nearly 78 percent of its value.<\/strong><\/p>\n<p><a href=\"https:\/\/www.statista.com\/chart\/31507\/percentage-change-against-the-us-dollar-of-the-most-devalued-currencies\/\" title=\"Infographic: The Most Devalued Currencies of 2023 | Statista\"><\/a><\/p>\n<p><em>You will find more infographics at <a href=\"https:\/\/www.statista.com\/chartoftheday\/\">Statista<\/a><\/em><\/p>\n<p>Argentina holds the record for the highest number of years with negative GDP growth in the last half-century &#8211; a total of 21 years between 1971 and 2022, according to the World Bank.<\/p>\n<p>Furthermore, <strong>Argentina ranked as the fourth country with the highest\u00a0<a href=\"https:\/\/www.statista.com\/chart\/31306\/countries-with-the-highest-annual-increases-in-consumer-prices\/\">inflation<\/a>\u00a0rate in the world last year,<\/strong> according to the latest data from the International Monetary Fund (IMF).<\/p>\n<\/div>\n<p>      <span class=\"field field--name-uid field--type-entity-reference field--label-hidden\"><a title=\"View user profile.\" href=\"https:\/\/cms.zerohedge.com\/users\/tyler-durden\" class=\"username\">Tyler Durden<\/a><\/span><br \/>\n<span class=\"field field--name-created field--type-created field--label-hidden\">Sun, 01\/07\/2024 &#8211; 22:45<\/span><\/p>\n<p>\u200b<a href=\"https:\/\/www.zerohedge.com\/markets\/argentine-peso-was-not-most-devalued-currency-2023\" target=\"_blank\" class=\"\" rel=\"noopener\">https:\/\/www.zerohedge.com\/markets\/argentine-peso-was-not-most-devalued-currency-2023<\/a>\u00a0<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Argentine Peso Was NOT The Most-Devalued Currency Of 2023 According to Bloomberg&#8217;s financial monitor, the currencies of Lebanon and\u00a0Argentina\u00a0experienced significant devaluations against the dollar&#8230;<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1449134","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1449134","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1449134"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1449134\/revisions"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1449134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1449134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1449134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}