Amidst an unprecedented economic crisis, Argentines are increasingly turning to cryptocurrencies as a way to preserve their savings and escape the devastating effects of the country's hyperinflation. With inflation soaring to around 108% a year, nearly double the rate recorded the previous year, and the central bank raising interest rates on an emergency basis, confidence in the Argentine peso is in decline.
Amidst an unprecedented economic crisis, Argentines are increasingly turning to cryptocurrencies as a way to preserve their savings and escape the devastating effects of the country's hyperinflation. With inflation soaring to around 108% a year, nearly double the rate recorded the previous year, and the central bank raising interest rates on an emergency basis, confidence in the Argentine peso is in decline.
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