Argentina is going through difficult times (especially with the Peso being bad as it’s very volatile) since most Argentinians would prefer USD over the Peso either through savings or investment.

That’s because the dollar is the best bet not only for savings, but for making a living (if they can manage to get remote work). The thing is, how did Argentina end up in this situation in the first place?

  • theneverfox@pawb.social
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    2 hours ago

    Because the world Bank and IMF fucked them when they resisted selling off their country through outside investments, leading to their currency being debased and ultimately giving them weak footing for international trade

    They’ve never really recovered from that, and they’ve also flitted back and forth between wildly different economic interventions desperately trying to fix things