RIO DE JANEIRO, BRAZIL - Historically in Argentina, an average worker used to generate enough pesos to be able to buy a handful of dollars, which he then sent to relatives living abroad. It was always like this. Until the pandemic. Since 2020, this trend has been reversed and has never been the way it was: today those who live abroad are the ones who send foreign currency to the country -as remittances- to collaborate with their devalued relatives.
The abrupt fall in the real average salary in recent years, the acceleration of inflation, the sustained devaluation and the increase in . . .
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