Argentina's 64K Peso Question: What Hits The Bottom Of This Chart First

Tyler Durden's picture

With Argentina's black-market peso (blue dolar rate) trading over 12, it would appear that the market is rapidly realizing the Central Bank's ammunition in its currency defense is likely to run out sooner rather than later. Perhaps it is time to get out that Soros' British Pound playbook?

 

 

Charts: Bloomberg