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Inflation in Argentina: Like a train without brakes

By Martin Kelen | Industrial Design | 4 Aug 2023


Hi Cryptomunity!
I've the partial disgrace of living in Argentina,and as some surely know, the major issue in this land is the inflation.
Several charts, columns and comparision lists are showed by economists trying to find the correct answer, buy for we, the inhabitants, the inflation is at least 100% interannual (comparating Argentinian peso vs. American Dollar)
For an easy explanation, the value of the peso in 2015 was $15=1u$. Today, august 4th 2023 is (sadly) $570=1u$ (and incrasing)

 

Sergio Massa, the current minister of economy (and candidate for president this year, really. No joking) Have not clue to how escape from this endless falling.

 

In addition, the central bank have no liquidity in dollars, so we, the common people, are not able to buy dollars (in the legal market) to avoid the depreciation of the peso

 

Any good news?

Could say yes

 

For argentinians?

Could say no

 

Explain it

The good news is , considering the cheap prizes in international comparison, Argentina is the eden for tourists:
Really good and cheap food, ourstanding landscapes, good and varied hotel offers. 
Here leave you some postals if you want to spend some dollars in a trip to the bottom of the world... Sergio Massa would be pleased

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Martin Kelen
Martin Kelen

Well... Human at first, Industrial Designer graduated in UBA, Argentina I think come second. Comic drawer as an abandoned hobby, lover for making stuff of any type... and a procastinator who try to self fight. Husband, Father, High hopes


Industrial Design
Industrial Design

The charming of shapes, the intelligence making the functionallity and beauty working togheter. There are not just products, there are feelings

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