11. By devaluing the peso today, the central bank admitted the peso was too high. 12. Cuban pesos are necessary only in rural areas rarely traveled by tourists, the company says. 13. Dornbusch said the Argentine peso should be devalued. 14. Even though the peso is weak, Tijuana is healthy. 15. For more than a decade, Juan Carlos Meluso and his wife, Silvia Cataldo, awoke each morning knowing that one Argentine peso was worth one American dollar. 16. He predicted that the peso will be firm for the rest of the year. 17. Inflation and interest rates have declined substantially, and the peso is once again stable. 18. Manu Bhaskaran, head of research for SocGen-Crosby in Singapore, said the peso is the most vulnerable to speculative attack among Southeast Asian currencies. 19. More than a few money managers who heard him bought Mexican securities on Thursday, but by the next day the peso was weak again. 20. Now that pesos are so cheap, the economics of export are much better, he said. |