Why has the Argentinian economy gone to shit? (lemmy.zip)

submitted 4 days ago by LtDan@lemmy.zip to c/asklemmy@lemmy.ml

30 comments fedilink hide all child comments

Argentina is going through difficult times (especially with the Peso being bad as it’s very volatile) since most Argentinians would prefer USD over the Peso either through savings or investment.

That’s because the dollar is the best bet not only for savings, but for making a living (if they can manage to get remote work). The thing is, how did Argentina end up in this situation in the first place?

you are viewing a single comment's thread
view the rest of the comments

[-] theneverfox@pawb.social 11 points 4 days ago

Because the world Bank and IMF fucked them when they resisted selling off their country through outside investments, leading to their currency being debased and ultimately giving them weak footing for international trade

They've never really recovered from that, and they've also flitted back and forth between wildly different economic interventions desperately trying to fix things

this post was submitted on 01 Apr 2026

24 points (96.2% liked)

Asklemmy

53840 readers

903 users here now

A loosely moderated place to ask open-ended questions

Search asklemmy 🔍

If your post meets the following criteria, it's welcome here!

Open-ended question
Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
Not ad nauseam inducing: please make sure it is a question that would be new to most members
An actual topic of discussion

Looking for support?

Looking for a community?

Lemmyverse: community search
sub.rehab: maps old subreddits to fediverse options, marks official as such
!lemmy411@lemmy.ca: a community for finding communities

~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~

founded 7 years ago

MODERATORS