Wednesday, July 12, 2017

Faced With Rampant Inflation, Argentines Turn to Barter

Instead of selling his soybeans for devalued pesos, Gustavo Tione exchanged 30 tons of soy for about 8,000 liters of diesel from the state-run oil company. This is just one example of a growing barter economy in Argentina as a 24% inflation rate rapidly erodes the value of the country’s currency. As Bloomberg reports, the […]

Faced With Rampant Inflation, Argentines Turn to Barter



from SchiffGold.com http://ift.tt/2uhNovL

No comments:

Post a Comment