That was how it was Argentina’s turn and upon arriving in Buenos Aires, he walked through its streets to observe how citizens adjust their lives daily to buy in the supermarket and, at the same time, analyze the devaluation of the local currency against the US currency.
“I have come to Argentina, where inflation was more than 50% in the last year,” the specialist presented the video that quickly began to be shared on that platform and others.
Saiidi spoke with some people who tried to explain their feelings about their salary every time they go to the supermarket and that is how a woman told him that “you don’t know how much you are going to have to spend”, while a young man assured that inflation is due to “The government continues to print money.”
“How do these people live knowing that the value of their currency is falling rapidly?” he wondered and found a girl’s answer: “We live in the present and do what we can to survive.”
The journalist explained that the weight lost “99% over the years” and, therefore, considered that “many things have gone crazy.”
“There are multiple exchange houses. You have the official exchange and also another one called the blue market”, he told his audience and added that “spending cash in Argentina can become a hassle”
To illustrate even more the local situation, he exemplified with the purchase of a chicken sandwich and a lemonade: “With my credit card they would charge me $23, that’s why I’m going to pay with cash, because at the black market exchange rate it costs me something more than u$s5”.
“When the currency you’re getting paid in is inflating 60% a year, what’s the first thing you do?” he asked.
So, he launched a response that showed how saving the dollar works in the country: “You take that money and convert it to a more stable currency like the dollar. So the first thing a lot of people do when they get paid is go to a store and buy as much as they can for the month because prices will most likely go up the next month. Any extra money they will try to convert to dollars.”
“Having dollars is enormously popular in Argentina as a form of savings. They don’t spend it, they just save it,” she said, then remarked, “They put $100 under the mattress and save it.”
“Because so many people are piling up dollar bills under their mattresses, it is believed to be one of the countries with the largest amounts of $100 bills outside of the United States,” he said.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
