Argentina to Launch ‘Fair Prices’ Program to Battle Raging Inflation Numbers
The government of Argentina has begun to act in several directions to control the raging inflation numbers registered this year. Sergio Massa, minister of treasury, proposed a program called “Fair Prices,” to force retailers and producers to establish a fixed price on various products, to be maintained for up to 90 days. Argentina to Rely on Price Controls for Inflation Battle The raging inflation numbers that Argentina is facing this year have prompted the government to propose a series of actions directed to curb inflation during the last three months of 2022. Sergio Massa,....
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With Argentineans facing rising inflation to near 40%, solutions appear to contain the impact on national farmers. A business blockchain platform is partnering with a peer-to-peer (P2P) marketplace to launch a program to tokenize Argentina’s agriculture. More Than 40% of the World’s Soybean Oil and Soy-Meal Production Comes From Argentina According to an announcement shared with news.Bitcoin.com, Coreledger will work with Abakus to set up a “digital barter economy” in Argentina. The project consists of enabling farmers to tokenize their agricultural assets to seek a....
As inflation rips through Argentina’s economy, the nation appears to be turning its gaze toward cryptocurrencies as a financial haven. Particularly, with inflation soaring to as high as 276% per year, according to a report, Argentina is now witnessing a massive turn in the monetary strategy as citizens chase after stability, even if it comes […]
Bitcoin Argentina, a non-profit organization dedicated to the promotion and growth of Bitcoin and cryptocurrencies in the country, will implement Bitcoin instruction in high schools. The Built With Bitcoin Foundation, the Bitcoin Argentina non-profit, and the Paxful exchange will launch a program to educate students on the fundamentals of cryptocurrencies, particularly Bitcoin. Around 4,000 students who participate […]
Workers in Argentina may be able to receive pay in BTC and store their wealth without fear of inflation.
Argentina has been in a long-standing battle against rising inflation and a continued decline of the peso against the U.S. dollar. Argentina, a country with one of the highest crypto adoption rates in the world, saw the price of dollar-pegged stablecoins surge across exchanges on Saturday after the abrupt resignation of its Economy Minister, Martin Guzman. The minister’s shock exit, confirmed on his Twitter account on July 3 via a seven-page letter, threatens to further destabilize a struggling economy battling high inflation and a depreciating national currency. According to data from....