“The country’s citizens, faced with an annual inflation rate of around 25%, are turning their backs on their national currency. Official figures put the annual rate of inflation at around 10%, but private economists estimate it to be more than double this. In February 2011, the government started issuing fines of up to 500,000 pesos ($123,442) to economists and consulting firms that refuted the official figures. To access dollars legally in Argentina, buyers have to make a request through the central bank and AFIP (the tax revenue office), which check how much the buyer is requesting and what it is for.”
http://www.coindesk.com/why-bitcoins-are-60-more-expensive-in-argentina-than-the-us/
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Tip Freedomwat.ch Staff with Bitcoin
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