Argentina's peso trades again

ARGENTINA - After three weeks which have seen Argentina default on its debts, four presidents come and go, and rioting spread in the streets, the country's currency markets are again open for business.

The rate for international money transfers will stay fixed at 1.40 pesos to the US dollar.

But in the new two-speed peso economy, domestic trading in Buenos Aires - now free to float after the decade-long one-to-one peg with the dollar - the peso weakened immediately.

Minutes after trading bega

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