BUENOS AIRES May 13 The official exchange rate
of Argentina's peso against the U.S. dollar weakened slightly
over the past two days after holding steady since January's
sharp devaluation, in a sign the central bank is allowing the
peso to inch downward.
The official peso closed on Tuesday at 8.0225 to
the U.S. dollar in the local interbank market, after trading at
around 8.0 since the roughly 20 percent devaluation in January.
Argentina's central bank controls the official rate, dipping
into dwindling reserves to keep the peso steady and to avoid
fueling one of the world's highest inflation rates.
(Reporting by Walter Bianchi; Writing by Sarah Marsh; Editing
by Peter Galloway)