Tag: Inflation

Prices of cars double in Argentina in just 2 years

March 20, 2021 · The Speaker Editors · Business

The Association of Automotive Dealerships in Argentina (ACARA) reported that their survey shows that the amount of money needed to buy a car has almost doubled, projecting an increase of 80% over 2018 prices by the end of 2021. ACARA says inflation, wage delays, and rising prices for new cars make it difficult for car … Read more

Venezuela introduces 1 million Bolivar banknote

March 9, 2021 · The Speaker Editors · World

Reflecting a hyperinflation-driven loss of 99.999% of the value of its currency in the last six years, the country is issuing its biggest high-denomination bill ever, worth $0.52 at the official exchange. By Milan Sime Martinic Read more