According to data from the Latin American Exchange Ripio, Bitcoin has a value of close to 755,880 Argentine Pesos. Dividing that amount by the $9.466 that one BTC costs at the time of writing, the value of a dollar in BTC would be almost 80 Pesos ($1.34 for every $1 worth of BTC).
For every dollar in Bitcoin, Argentines paid more than 90 Pesos. The price of the fiat dollar is around 59.5 Argentine Pesos according to Bloomberg Markets
The reasons behind the inflated price seem to be because of the restrictions on access to dollars imposed by the Central Bank of Argentina as a measure to preserve the country’s monetary liquidity.
Starting today, Argentines can legally buy only 100 physical dollars and 200 electronic dollars per month — much less than the $10,000 they were allowed before last week.
It seems that Argentines are recovering from the shock of having a new president. Meanwhile, they are steadily feeling better with the idea of being their own bank, and Bitcoin is emerging as a hedge in the face of an economy that is currently undergoing one of the most painful episodes in modern history