“Car sales in Argentina increased by the most in almost two years last month as a ban on buying dollars made Argentines turn to vehicles to protect savings against the fastest inflation in the Western Hemisphere after Venezuela. Luxury models are becoming more attractive because they are imported at the official dollar rate, said Gonzalo Dalmasso, vehicle industry analyst at Buenos Aires research company Abeceb.com. Argentines with savings in dollars are able to purchase cars at half the cost by trading in the unofficial currency market.”
Argentina: BMWs Gaining Bitcoin-Like Appeal as Inflation Hedge
- Post author:The Freedom Watch Staff
- Post published:May 17, 2013
- Post category:Network Archives
Tags: Bankocracy, CLibertyC, constitutional liberty coalition, economic Trends, for life and liberty, Latin America, Mainstream News, Middle Class Dismissed, money, Resistance, sound money, The Freedom Watch
The Freedom Watch Staff
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