The US dollar is sewn into Argentina's economy and its culture | WHAT REALLY HAPPENED

The US dollar is sewn into Argentina's economy and its culture

Lorenza Romero's stationary shop on Monroe Avenue is painted red on the outside, with a wide window and a glass-covered counter filled with banknotes from around the world. It's her son's collection, and all but one currency is out of circulation - the United States dollar bill.

"That's the one that drives people crazy here," she says. "Their own currency doesn't count for them."

The 72-year-old grandmother's observation exposes what is a raw nerve for many Argentines. The country's official, sovereign currency is the peso - people earn in it, and they spend with it - but it's the US dollar that defines value here.

Comments

LOL

z00mcopterdown

and the fact that they use old, obsolete and illegal 100USD banknotes bothers nobody.

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