‘Coldplay dollar’ and ‘Qatar dollar’ highlight Argentina’s bizarre currency system as it weighs ditching the peso

• Argentina’s economic burdens have spawned a number of dollar-peso exchange rates.
• It’s the result of the government’s capital restrictions on dollar outflows.
• They include a black market dollar rate, as well as the “Coldplay” and “Qatar” rates.

Argentina’s presidential race, which features a candidate who wants to ditch the peso for the US dollar, has highlighted the country’s byzantine currency system.

There are more than a dozen different peso-dollar exchange rates that are meant to stem outflows of the greenback, which is in short supply as Argentina’s hyperinflation has made the peso among the world’s worst performing currencies.