“Car sales in Argentina increased by the most in almost two years last month as a ban on buying dollars made Argentines turn to vehicles to protect savings against the fastest inflation in the Western Hemisphere after Venezuela. Luxury models are becoming more attractive because they are imported at the official dollar rate, said Gonzalo Dalmasso, vehicle industry analyst at Buenos Aires research company Abeceb.com. Argentines with savings in dollars are able to purchase cars at half the cost by trading in the unofficial currency market.”
Related posts:
Former Target Store Manager to Oversee Nation's Nuclear Security
Millennials Mired in Wealth Gap as Older Americans Recoup Wealth
Edward Snowden granted refugee status in Russia, leaves airport
Nicaraguan army overruns neighborhood controlled by protesters
Symbol of Pinochet abuses, Chilean woman says justice is now coming
Switzerland Will Join Race to Be Trading Hub for China’s Yuan
Ron Paul: A Small, Secret Group Can't Know What's Best for the Economy
Colorado theater shooting victims’ families condemn organizers over relief fund
NYC Woolworth Tower Condo Priced at Record $110 Million
Hedge Fund That Called Subprime Crisis Urges 50% Yuan Drop
The Soviet Colonel Who Averted Nuclear War
Bank of Japan governor nominee Kuroda sets out aggressive policy ideas
The Spoils of the Iraq War - 2003
JFK passenger detained by TSA after talking about 'bomb' sandwich
Purged Saudi prince said Bitcoin would 'implode' last week