
VOICED : Argentinos reaccionan a fin del cepo
Interactive Video
•
Business, Social Studies
•
9th - 12th Grade
•
Hard
Wayground Content
FREE Resource
Argentina announced a policy change allowing the purchase of foreign currency for savings amid high inflation and dwindling reserves. The unpopular currency control, in place since 2011, aimed to prevent capital flight. Citizens express dissatisfaction, citing personal difficulties. The government also reduced the tax on foreign credit card purchases and currency acquisition. Despite these changes, some people's daily lives remain unaffected. The official currency devaluation led to a disparity between official and black market exchange rates.
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