#argentina records first monthly 2-digit #inflation for August 2023, highest in 32 years (1991). Next September inflation is expected to be 12%+

Some consultants are already predicting a 190% total inflation for 2023.

Banks are calculating the official USD/ARS rate for the end of the year to be (unofficial street blue rate is usually double):

- BBVA: 650 ARS (1300 ARS)

- Wells Fargo: 485 ARS (970 ARS)

- Standard & Chartered: 490 ARS (980 ARS)

Current #dollar blue rate is 730 ARS

#collapse #podcasts