>Argentines are being battered by fiscal austerity and triple-digit inflation at home. But abroad, they’re cashing in on an artificially strong peso. Top destinations like Brazil and Uruguay have become tantalizingly cheap for those holding the Argentine currency, beckoning throngs of visitors from across the border.
ngl, I get a little worried reading this. Argentina’s previous attempts at liberalization were also infamously undone by propping up an artificially strong currency, creating a bout of similar stories about happy vacations abroad before it all blew up.
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>Argentines are being battered by fiscal austerity and triple-digit inflation at home. But abroad, they’re cashing in on an artificially strong peso. Top destinations like Brazil and Uruguay have become tantalizingly cheap for those holding the Argentine currency, beckoning throngs of visitors from across the border.
ngl, I get a little worried reading this. Argentina’s previous attempts at liberalization were also infamously undone by propping up an artificially strong currency, creating a bout of similar stories about happy vacations abroad before it all blew up.