Record inflation: Five ways Argentines try to cope
BBC
23-05-17 00:31
Some Argentinians are struggling to make ends meet as soil inflation rises above 100% and value of the Argentine currency, the peso, plummets. Many citizens are now being forced to combine multiple strategies to make their money go further. One popular tactic is using interest-free credit arrangements offered in shops and supermarkets, and many individuals opt to split larger purchases into several instalments that can be more easily managed. Another approach is to trade with other people who are also experiencing financial hardship, while many Argentinians who are still able to put some money aside are doing their best to convert it into more stable currencies, such as the US dollar. Even relatively low-value purchases can absorb most of a month's disposable income, so some people are instead choosing to spend now rather than trying to save and watching their increasing sums devalue over time.