Thinking Argentina or Turkey in the recent years – if the local inflation is so severe that the price of grocery in the morning vs evening (on the same day) is different, how do people make large purchases like a house or a car? How is the price determined and who would provide the long term financing?
In: Economics
In Argentina you basically need to stash USD purchased from a grey market under your mattress to save it. If you want to save up for an apartment there you can’t tell anyone as it makes you a big target for robberies. If you ever go to Argentina bring as much USD as you can legally carry, you will live like a king
Latest Answers