• NoneOfUrBusiness@kbin.social
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    11 months ago

    TBF there’s a reason for the devaluation. In countries like Argentina the government sets the price of the dollar, but that doesn’t affect the real price, so in the end the government pays the difference. In the case of Argentina the government basically made the dollar half its real value, so say for every 100 dollars an Argentinian bought the government needed to pay 50.

    It’s a bad situation all around and there are no good solutions, but just leaving it be is unsustainable.