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Bonus | Nothing is Foreign: How Argentina deals with crushing 104% inflation

Front Burner

CHAPTER

The History of Argentina's Inflation

Inflation in Argentina has been a chronic problem dating back to the early 20th century. In 1989 there was more than 3000% inflation in one year. The government essentially pegged its currency to the US dollar for that decade, something that was unsustainable and paved the way for the notorious financial crisis of 2001. You layer on top of that the pandemic which created this global instability and exacerbated things even further.

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