pesos

Shipped to Mexico, the consumer goods would be sold and the money turned over to a cartel representative, returning the value of the drug dollars purchased by the Chinese national to the cartel in pesos.

It’s the third time this year that inflationary spikes hit subway fares — just 80 pesos last December — as Milei cuts federal subsidies for public transportation, forcing city governments to raise costs.

She was heavily scrutinised by parliament last year over her request for millions of pesos in "confidential funds" - discretionary spending that government agencies are allowed.

This, Pérez says, is either because they don’t trust the local banks or simply because they need the Cuban pesos to convert into foreign currency.

For many recipients of remittances, the funds are used to fill gaps in social services and to supplement a minimum daily wage of 207 pesos, or roughly $10.