Jump to content
The World News Media

Argentinians Flee To Safe Haven: Bitcoin


TheWorldNewsOrg

Recommended Posts

  • Member

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/

argentina GIF

Link to comment
Share on other sites


  • Views 651
  • Replies 0
  • Created
  • Last Reply

Top Posters In This Topic

Popular Days

Top Posters In This Topic

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...




×
×
  • Create New...

Important Information

Terms of Service Confirmation Terms of Use Privacy Policy Guidelines We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.