- Jul 27, 2008
Yes i agree if inflation continues like this it will get a bit ridiculous the prices for Argentine wages, i think something will have to happen like a revaluation, although i hope not. I think though that the government will try to keep the country as competetive as possible though for foreigners being the main sources of income in exports and tourism. They say next year will be moving the peso down to 3.20 to the dollar. At the same time though this will be bad for inflation - I think this is largely down to the culture of Argentina that people are accustomed to raising prices regularly to stock up until the next crisis, although i'm no economist so i don't know.