BusinessEconomyFeaturesFinanceGlobal IssuesPoliticsSouth AmericaWorld

Why Argentina is embracing cryptocurrency

In Argentina, there are traces everywhere of distrust and even trauma related to the economy.

For Jerónimo Ferrer, a formative memory is of Argentina’s crushing financial crisis at the end of the 1990 – when bank accounts were frozen and, almost overnight, people’s savings evaporated.

  • Christine Ro
  • BBC

He’s not alone. One engineering student I spoke to keeps all his savings, in US dollars, at home because he fears that the banks will again devalue holdings overnight.

While many Argentinians are, by necessity, experts on the state of the economy – from the sky-high level of inflation to the current unofficial rate of exchange between the peso and the US dollar – Mr…

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button