An influence of United States went viral when trying to explain what the way of saving is in Argentina. “Have Dollars Under the mattress”, assured Uptin, the social media user who is known for his videos about money, technology and culture.
From his perspective as a foreigner, Uptin clarifies that the Argentine population converts the peso into a “more stable currency like the dollar”. Thus, her video managed to collect about 130 thousand likes and more than 1,700 comments.
The influencer maintains that one of the first things that people do when collecting their salaries is to go to a supermarket and buy the largest number of products needed for the whole month, which would allow “beat inflation”, a phrase so common among Argentines.
However, the user who went viral highlighted one of the ways citizens have to save: keep dollars under the mattress. In this sense, he mentions that Argentina is the country with the most dollars outside the United States.
The economic instability of the country, the experience of the famous “corralito” and the ease of acquiring blue dollar These are some of the reasons why Argentines prefer to avoid depositing their dollars in banks.
Feletti admitted that March inflation “is going to be bad”: “One does not do miracles”
Similarly, Uptin did not mention these causes, but stopped to explain what the Argentine economy is like.
© Provided by Profile
Another aspect highlighted by the influencer is the number of exchange houses.
Inflation
The influencer from the United States mentions inflation as one of the main problems of the Argentine economy, something that has been hitting the country for 40 years and that unfortunately no government could finish solving.
“Inflation in Argentina is 60 points in a year”, assured Uptin, a figure that would not be so far from reality.
For the economist Orlando Ferreres, “it is never time to dollarize the economy”
According to the latest data from the National Institute of Statistics and Censuses (Indec), year-on-year inflation reached 52.3 percentage points in February, while products had an increase of 4.7% in the second month of the year.
© Provided by Profile
Indec data.
As the influencer explained, the ways of saving for Argentines are the monthly purchase of food and keeping the dollars under the mattress. The first is due to the fact that the products of the basic basket increase their value week after week. Along these lines, in February, food and non-alcoholic beverages rose 7.5%.
RdC/fl