Argentina’s Fifa coins efforts to stabilize the peso

Argentina’s Fifa coins efforts to stabilize the peso are being undercut by the 100,000 soccer fans Brazil is expecting to travel across the border to see the national team led by Lionel Messi try to win a third World Cup title.

Each fan will dole out about $2,000, bringing total spending to $200 million, according to Luis Secco, the director of Perspectiv@s Economicas in Buenos Aires. Argentines skirting currency controls by buying dollars in the black-market will put pressure on the exchange rate, which has tumbled 8.7 percent in the past month, while consumption by travelers using credit cards or buying pesos on the official market would dent www.eafut14coins.co.uk reserves already hovering near an eight-year low at $28.6 billion.