US EditionArgentina's 300% inflation and propped-up peso spawn Paraguay border ghost town
7 Articles
7 Articles
Argentina's 300% Inflation and Propped-Up Peso Spawn Paraguay Border Ghost Town
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The Straits Times
The Star Kuala LumpurArgentina's 300% inflation and propped-up peso spawn Paraguay border ghost town
NANAWA, Paraguay - Paraguayan shoppers used to flock in their droves to the border town of Nanawa to buy cheap imports from Argentina, where the weak peso currency for years kept relative prices low for fuel, medicine and groceries smuggled in across the frontier. Read more at straitstimes.com.
Argentina's 300% inflation and propped-up peso spawn Paraguay border ghost town
Paraguayan shoppers used to flock in their droves to the border town of Nanawa to buy cheap imports from Argentina, where the weak peso currency for years kept relative prices low for fuel, medicine and groceries smuggled in across the frontier.
A new ghost town was born in the border town of Nanawa, located on the border between Argentina and Paraguay. The new economic direction, inflation, and the rise of relative values are some of the challenges faced by the town.
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