this post was submitted on 25 Dec 2023
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[–] elbarto777@lemmy.world 13 points 11 months ago* (last edited 11 months ago)

Hell no. For Argentina to look like Venezuela, inflation must be 100,000%. I wish I was exaggerating. 1 USD is 40 trillion of the old Venezuelan currency pre-Chavez, the one the government has cut 9 zeroes to hide inflation ever since.

Of course, that doesn't mean that the situation in Argentina isn't looking dire.