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Argentinian here. Peso is a currency, just because the government say that, but ub fact, it only keeps 1 out of 3 functions to be called money: Store of value
by ankaAr 4y ago
Argentinian here.
Peso is a currency, just because the government say that, but ub fact, it only keeps 1 out of 3 functions to be called money:
Store of value. No, the inflation is near 100%
Unit of account. No, because the inflation we don't know if 1000 is too much for something or not.
Medium of exchange. Yes, but not for all, you cannot buy a house with pesos, nobody will sell you that or they will do the exchange at the moment.
- sjducb 4y agoMy point was that the Argentine peso obviously is a currency, because other people spend it. Therefore by the OP's logic Bitcoin is also a currency