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Dollar Staggers out of Ditch for Brief Day in the Sun
For the last 14 months in Peru, the value of the U.S. dollar has been tanking. That trend really hurts when you’re an expat, like me, who still keeps a bank account in the U.S. When El Fotógrafo and I arrived in Lima in July 2007, the dollar was trading at 3.3 Peruvian soles. We didn’t realize at the time, but that was a sweet exchange rate. A few months later, the dollar started dipping in value. We were shocked when it went under 3 soles. Then it began dropping more, all the way to 2.65 soles. The official money changers (see guy in green vest, above) we traded with…


