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In 2015 Brazilians could do a lot in Argentina for as low as R$30. Nowadays, buying food costs almost R$120 ($20 in todays rate). Inflation can be stable, but
by xinayder 2y ago
In 2015 Brazilians could do a lot in Argentina for as low as R$30.
Nowadays, buying food costs almost R$120 ($20 in todays rate).
Inflation can be stable, but cost of living has gone through the roof for almost a decade now, and Milei managed to speedrun it to a point that a lot of Argentinians are below the line of poverty.
- marcosdumay 2y agoInstead, nowadays it's Argentinians that come to Brazil to make a killing at the low prices here. Your local currency having a crazy valuation after your country just fixed hyperinflation isn't anything new. It's kinda of an obligatory stage. It can get fixed quickly enough if you remove the foreign exchange restrictions. As always, how the government reacts now to solve all the disparity that high inflation created is what will tell it's a good government or not. The disparities being there right now isn't... But odds are that now his government will terminate before he can do any real work there.