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Tag: divisa

Definitions tagged divisa in the street dictionary.

Palo verde

A million US dollars (in Argentina, palo is slang for a million and verde refers to the green color of the US dollar bill).

They sold Pipita Higuain to Juventus. I think they paid about 90 palos verdes (Pipita is the nickname of Argentine soccer player Gonzalo Higuain).

Automatically translated from Spanish

Argentinaby DiegoEFE

cepo

Also known as the "cepo cambiario." A media term used to describe government restrictions on the purchase and sale of foreign currency. (In Argentina, the word literally means clamp or shackle and refers to strict limits on buying US dollars).

- When I take office as president, I am going to end the cepo.

Automatically translated from Spanish

Argentinaby DiegoEFE

Dólar blue

The name for the informal or black market for buying and selling US dollars. The term became widely used when the government imposed strict currency controls, a situation the media calls the cepo (a clampdown or restriction on buying foreign currency).

- What is the dollar's exchange rate? - 9.90. - And what about the Dólar blue?

Automatically translated from Spanish

Argentinaby DiegoEFE