Argentina Inflation Hits 32 Year High
Argentina’s monthly inflation rate was 12.4% in August.
Argentina’s monthly inflation rate was 12.4% in August.
The world famous choripan is still the most popular snack in Argentina and has received worldwide awards.
As you all know, Massa the economy minister, has issued a load of sugar coated $$ bribes leading up to the elections, one of which is a loan of up to AR$4m with a fixed rate of around 55% over 48 months (central bank rate is 112%) for self employed and/or those who have their tax affairs in order.
The general idea for people that I know is to get the loan and buy dollars immediately.
Clearly the IMF is really pissed off by these electioneering state subsidies, which the organisation has frequently warned against.
I managed to acquire my initial A2 license up to 300cc without taking a test, but I had to hold that category for 2 years before upgrading.