Sunday, April 16, 2023

Argentina Inflation Hits 104%

Reuters reports that inflation in Argentina has reached 104%. The number of people in poverty has in consequence risen to 40%.



And a slightly early video reporting that the government was attempting to use price controls (which forces prices up even further because price controls result in less supply so they are counter-productive):



Malawi Devalues Currency by 44%

Malawi just devalued its currency - the Kwacha - by 44% against the US$: https://www.african-markets.com/en/news/southern-africa/malawi/mala...