So to make sure I'm understanding this, if you wanted to buy something in Argentina and took out a loan for 100,000 pesos, a year later you would have a loan balance of 233,000 pesos (minus whatever payments you made)?
That's wild.
but at the same time, due to hyperinflation, if you held on those 100,000 pesos for one year, next year they're worth the equivalent of 40,000 pesos of today
Hasn't Argentina been dealing with outrageous inflation for about a decade now?
Keep going. They've had inflation issues off and on for decades.
Viva mi patria querida. Argentina, reina de la inflacion.
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