
Where Bitcoin Fits as Argentina Faces a Dollar Shortage and 100%+ Inflation
The Breakdown
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The Argentine Peso's Dollarization
Argentina's central bank raised rates by 300 basis points to 81%. One of the highest policy interest rates in the world. Official inflation measure was high but stable at around 10% for the following decade. In 2014, official measurements ceased to be published and when they reappeared in 2017, inflation had roared higher.
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