[Youngian]

President Javier Truss devalued the currency in order to tackle inflation. Is he making the Peso so worthless that people will only accept US Dollars?

BUENOS AIRES, Argentina (AP) — Argentina’s annual inflation soared to 211.4% in 2023, the highest rate in 32 years, according to figures released Thursday by the government’s INDEC statistics agency.

The data reflects the strong impact of a series of shock measures, including a 50% devaluation of the nation’s currency, implemented by right-wing President Javier Milei in hopes of eventually bringing the country’s roaring inflation under control. https://apnews.com/article/argentina-in ... 1aff80579f

[Malcolm Armsteen]

Off to buy a packet of fags in Buenos Aires...