May 14, 2020 / 3:06 PM / 24 days ago

Argentina black market peso weakens to 136 per U.S. dollar - traders

BUENOS AIRES, May 14 (Reuters) - Argentina’s black market peso weakened to 136 per U.S. dollar, traders said on Thursday, widening its gap with the official foreign exchange rate to more than 100% as the country negotiates a restructuring of its sovereign bonds.

The country’s official peso rate is supported by central bank interventions in the foreign exchange market.

Reporting by Walter Bianchi, writing by Hugh Bronstein Editing by Chizu Nomiyama

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