Would be absolutely terrible for someone earning pesos in country trying to buy milk at twice the price it was last year.
if you were an expat living there earning USD you wouldn’t be all that upset though. Your buying power is increasing faster than inflation.
massive issues for the country though, they need investment into Argentina and need to allow industry that can generate local wealth and taxes. They will likely need to incentivise any businesses entering or developing with grants, faster approvals and relaxed conditions to be more attractive.
Would be absolutely terrible for someone earning pesos in...
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