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Argentina's 300% inflation spawns 'ghost' border town
Credit: IndiaTimes- Published on May 27, 2024
Paraguayan shoppers used to flock to Nanawa, a border town in Paraguay, for cheap imports from Argentina. Prices of contraband have surged due to Argentina's high inflation and strong peso under President Javier Milei.
Video credit: Rumble
Published on May 27, 2024 - 02:15
Argentina’s inflation, propped-up peso hit Paraguay border town
Argentina's rare mix of near 300% inflation and a propped-up peso have left Nanawa, Paraguay – a border town where shoppers used to flock to buy cheap imports from Argentina – a ghost town. Olivia Zollino reports.