It used to be that only imported cars and real estate were priced in USD, but now even clothing and sneakers are being priced in USD (although ARS is still used as MoE).
dubdam on Nostr: For decades, the Argentine Peso has been useless as a store of value (SoV), and now ...
For decades, the Argentine Peso has been useless as a store of value (SoV), and now it's becoming increasingly useless as a unit of account (UoA) as more and more industries price their goods in USD.
It used to be that only imported cars and real estate were priced in USD, but now even clothing and sneakers are being priced in USD (although ARS is still used as MoE).
It used to be that only imported cars and real estate were priced in USD, but now even clothing and sneakers are being priced in USD (although ARS is still used as MoE).