7 ms·

Argentina has effectively a cash-only economy. Queues in excess of an hour at the supermarket are fairly common partly because of the overheads in having everyo

• bilekas 3y ago
  > Let's not be so quick to say that card payments are all bad. The argument is more centered around business who flat out refuse to accept cash. Which is on the face just ridiculous.
• mariojv 3y ago
  Is this a product of it being cash-based or a product of the high inflation that Argentina sees? I imagine it would be quite chaotic with prices fluctuating so rapidly.
  • kobalsky 3y ago
    a little bit of this, that and tax evasion. people don't want the government seeing what they spend their money on, or if it was saved. almost everyone does this to some extent due to the insanely high tax load and double economy that exists in every facet of our lives. for example, when someone is buying real state, big part of the negotiations are how much is the declared price of this transaction (how much our "IRS" sees), because clean money and undeclared money have different costs. So when our "IRS" comes asking "where did you get the money from?" you say "from all these cash extractions of course, I saved most of that, I ate rice only", you can't say that if you spend your money with a credit card, they don't need an investigation to see your spending habits, in fact a change in spending habits will trigger an investigation. I'd like to clarify that I don't have experience with anything of this, a friend told me about it.