As inflation soars, Argentines say they've seen this film before

Argentina is facing the highest triple-digit inflation in over three decades, potentially reaching near 200% by year-end, which is causing increased poverty, anger among voters, and memories of past economic crises.

reuters.com

Relevant topic timeline:

8/19/2023

Argentina in economic collapse as annual inflation hits 113%

Argentina is experiencing an economic collapse with annual inflation reaching 113%, pushing 40% of the population into poverty, and potentially leading to the return of the far-right under Javier Milei.

8/22/2023

Argentina needs a recession, not dollarization, to tackle the peso crash, an economist says

Argentina should focus on fiscal spending cuts and a recession rather than adopting the dollar as its currency to address the recent peso crash, according to an economist.

9/11/2023

Argentina Faces Highest Inflation Since 1991 as Currency Crisis Fuels Over 115% Annual Rate

Argentina's Consumer Price Index likely rose 11.8% in August, the highest monthly figure since 1991, due to a sharp devaluation of the local peso currency and the country's ongoing inflation crisis.

9/13/2023

Argentina Faces Severe Inflation Crisis and Cost-of-Living Squeeze as Poverty Rises Ahead of Presidential Election

Argentines face daily challenges in trying to find deals and lower prices as the country's inflation skyrockets above 100%, leading to a cost-of-living crisis and increased poverty levels.

9/13/2023

Argentina weighs pros and cons of ditching peso for dollar like Ecuador

Argentina's dollar scarcity should not prevent the country from adopting the dollar as its currency, according to economist Francisco Zalles, who believes that dollars would flow back into Argentina once it makes the switch and that Javier Milei's plan to dollarize would be successful. However, other commentators have warned that adopting the dollar without ample reserves could have catastrophic consequences.

9/18/2023

Canadian Business News Roundup: Clean Tech Funding in Limbo, Uruguay's Economy Grows Independent, Bank Closures and Job Cuts, Air Travel Complaint Backlog, Toronto Landlord's Electric Vehicle Ban Faces Legal Issues

Uruguay's central bank is thriving with low inflation, a strong currency, and a pivot towards interest rate easing, while Argentina's economy struggles, highlighting the diverging paths of the two neighboring countries.

9/22/2023

Bitcoin Surges to 19 Million Pesos in Argentina Amidst Currency Collapse Fears

Bitcoin's price in Argentine pesos has risen significantly, but due to high inflation rates in Argentina, it has not been a reliable store of value compared to the US dollar.