Do you have Bitcoin? Argentina's inflation rate is now over 100 %

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Von Krypto News Österreich

Argentiniens jährliche Inflationsrate überstieg im Februar 100 % und markierte damit ein 30-Jahres-Hoch seit der Hyperinflation des Landes im Jahr 1991. Unterdessen hat Bitcoin im vergangenen Jahr gegenüber dem argentinischen Peso um 20 % zugelegt, obwohl es im gleichen Zeitraum einen Rückgang von 34 % gegenüber dem US-Dollar verzeichnete. Am Dienstag veröffentlichte Regierungsdaten zeigten einen Anstieg des Verbraucherpreisindex (CPI) von 6,6 % allein im Laufe des Monats, neben einem Anstieg von 13,1 % seit Jahresbeginn. Die rasche Entwertung der Landeswährung ist für die Bürger in Echtzeit spürbar. Irene Devita, 74, erzählte das Wächter dass ihre Gemeinde Schwierigkeiten hat, sich irgendetwas …
Argentina's annual inflation rate exceeded 100 % in February and thus marked a 30-year high since the country's hyperinflation in 1991. In the meantime, Bitcoin increased by 20 % compared to the Argentinian peso last year, although it recorded a decrease of $ 34 % in the same period. Government data published on Tuesday showed an increase in the consumer price index (CPI) of 6.6 % in the course of the month, in addition to an increase of 13.1 % since the beginning of the year. The rapid devaluation of the state currency is noticeable for citizens in real time. Irene Devita, 74, told the guard that her community has difficulty, something ... (Symbolbild/KNAT)

Argentina's annual inflation rate exceeded 100 % in February and thus marked a 30-year high since the country's hyperinflation in 1991.

Meanwhile, Bitcoin increased by 20 % over the Argentine peso last year, although it recorded a decrease of 34 % compared to the US dollar in the same period.

  • government data published on Tuesday showed an increase in the consumer price index (CPI) of 6.6 % solely in the course of the month, in addition to an increase of 13.1 % since the beginning of the year.
  • The rapid devaluation of the state currency can be felt in real time for citizens. Irene Devita, 74, told the Wächter that your community has difficulty to afford, since it has to endure increasing costs that rise weekly.

  • "I came recently and asked for three mandarins, two oranges, two bananas and half a kilo of tomatoes. When he told me, 650 pesos [$ 3.22] I told him, take everything out and only leave the tomatoes there because I don't have enough money," said Devita.

  • Argentina had one of the ten highest inflation rates in the world in 2022-and almost doubled compared to the rate of 55.1 % last March.
  • The region also has a relatively high crypto acceptance rate and is located in 13th place from chainalysis in 13th place Despite the central bank of the nation of the nation clamping on crypto-related services.
  • nigeria and Turkey cited Argentina in the same index-countries that are also confronted annoying inflation This only serves to promote the acceptance of crypto. Due to its fixed supply, bitcoin bulls often consider the asset as long-term inflation protection.
  • on the contrary, central banks that monitor relatively stable currencies, such as the Bank of Canada, Bitcoin, however, reacts sharply to central bank policy: The asset this week has increased by 30 % this week injects $ 300 billion in loans to qualified banks.

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