#Milei's proposal to switch #Argentina's national currency to the dollar is not radical in the least - it is an increasing reality as much of the national economy now operates in dollars, particularly wherever large sums of money are concerned:
In industries such as technology and finance, skilled workers are demanding salaries be paid in dollars. Companies, including MercadoLibre, Argentina’s largest tech company, increasingly are acquiescing. Most landlords in Buenos Aires now only accept payments in dollars. Ditto for Airbnb rentals. And the list goes on and on: musical instruments, divorce lawyers, imported leather — you want it, you cough up the greenbacks.
The use of the dollar, while hardly new here, is exploding across the country today as inflation soars above 100 percent and destroys the value of the pesos people lug around in their wallets and stick into their checking accounts.
https://www.batimes.com.ar/news/economy/inflation-at-100-has-argentines-demanding-pay-in-us-dollars.phtml
Løvsterhogan
npub17w…uapg9
2023-08-24 01:18:50
Author Public Key
npub17wdrahfq4cxznawx3uwuukadp72t7ank4k79q7pevlwkehepmudq7uapg9Published at
2023-08-24 01:18:50Event JSON
{
"id": "baaea8ac3ab0b568b0fdb311b5e56d79069682bd2d43cfd1b2e1eb7e3e4cff10",
"pubkey": "f39a3edd20ae0c29f5c68f1dce5bad0f94bf7676adbc50783967dd6cdf21df1a",
"created_at": 1692839930,
"kind": 1,
"tags": [
[
"t",
"Milei"
],
[
"t",
"Argentina"
]
],
"content": "#Milei's proposal to switch #Argentina's national currency to the dollar is not radical in the least - it is an increasing reality as much of the national economy now operates in dollars, particularly wherever large sums of money are concerned: \n\nIn industries such as technology and finance, skilled workers are demanding salaries be paid in dollars. Companies, including MercadoLibre, Argentina’s largest tech company, increasingly are acquiescing. Most landlords in Buenos Aires now only accept payments in dollars. Ditto for Airbnb rentals. And the list goes on and on: musical instruments, divorce lawyers, imported leather — you want it, you cough up the greenbacks.\n\nThe use of the dollar, while hardly new here, is exploding across the country today as inflation soars above 100 percent and destroys the value of the pesos people lug around in their wallets and stick into their checking accounts.\n\nhttps://www.batimes.com.ar/news/economy/inflation-at-100-has-argentines-demanding-pay-in-us-dollars.phtml",
"sig": "462fcb3a7232744747ef736db962cd13a22a43b98b72ced501490633c0cea08e2fd3a7b17681cf233ae1d7de070bb8533d6529a898ffd75afec39011b02df04d"
}