A hundred dollar bill is a big part of the culture in Argentina. One place where I've seen the most hundred dollar bills anywhere is at a quiva. A lot of people will open bank accounts here and then try to deposit their hundred dollar bills here so that they have their money sort of in a safe place.
Devon Zuegel talks with EconTalk host Russ Roberts about the crazy world of money and finance in Argentina. When inflation is often high and unpredictable, people look for unusual ways to hold their savings. And when banks are unreliable because of public policy, people look for unusual ways to keep their savings safe and to make financial transactions. Welcome to Argentina, where Zuegel finds surprising applications of cryptocurrency for solving problems.