(Image source: http://www.economist.com/node/21548229)
Interestingly, Buenos Aires ran-out of Ketchup for days in the recent weeks. All credit to the rigid foreign exchange policies of the current government and stringent import/export policies.
Simple plain yogurt that used to cost 2 Pesos a few months
back is now considered luxury. It now costs roughly 7.5 Pesos – a price
increase of 260% - something that can get inflation experts dizzy.
New monetary policies and revamped trade regulations are the
need of the hour for Argentineans.
(This blog was written as part of the McCombs MBA Global Trip NEWS Round-up effort)
- By Jayanth Rangaraju
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