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Argentinians Flee To Safe Haven: Bitcoin

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Bitcoin adoption took another boost in South America yesterday after the Argentinian central bank announced measures to tighten controls on the movement of foreign currency.

The announcement came shortly after the Argentine peso plunged over 10%, setting the long-suffering Argentinian people back further.

Only 20 years ago, the Argentine peso was 1:1 with the USD, but corruption and mismanagement has seen its economy collapse and the national currency is now artificially pegged at 72:1 USD.

The Board of the Central Bank of the Argentine Republic (BCRA) justified the new measures saying they were attempting to promote a more efficient allocation of foreign currency.

https://bitcoinmaximalist.net/argentinians-flee-to-safe-haven-bitcoin/

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