Milei’s peso moves drive a black-market boom hitting Argentines hard

Contraband is coming into Argentina at historic levels right here at the border with Bolivia. There's been drug trafficking and illegal commerce here for decades, but now the black market is booming while the formal economy in Argentina is in a crisis. This trend is due in large part because of the currency crisis in Bolivia over there and also President Mle's strong grip on the peso in Argentina which investors see as overvalued.It's not just the amount of contraband that's coming into Argentina, but the t ...