Group items tagged

This article discusses Venezuela's falling/devaluing currency, and how it tends to correlate with a lower standard of living. It also illustrates how, after the repeated devaluation of their currency, Venezuelans have opted to spend more of their money on goods. This gives them assets, or items that will not devalue with the currency.

In this article, Argentina is said to have devaluated their peso so much to preserve international reserves. In the process however, the country has had to experience other problems such as paying back foreign creditors, the decrease of bods, and the growth of the illegal black market.