In Buenos Aires, a black market deal involving currency is taking place, risking legal consequences.
Argentina faces economic and social disorder, hyperinflation, bank runs, and political scandals.
Presidential hopeful Javier Melaye seeks to dollarize the economy, challenging the central bank.
Argentina's economic issues result from decades of mismanagement and a reliance on printing money to cover fiscal deficits.
Argentina's inflation rate has exceeded 100% for most of 2023, ranking among the highest globally.
Argentines save in dollars due to currency devaluation, limited monthly purchases, and a thriving black market.
The black market for currency thrives, with dealers operating openly and citizens hoarding cash.
Historical factors, including Peronist policies, economic isolationism, and fiscal deficits, contribute to Argentina's economic decline.
Government overspending, subsidies, and a large public workforce exacerbate fiscal issues.