Please read the comment chain, I don't live in the US nor have the USD dollar as the currency of my country.
> The "50%" figure is just completely made up, and you know it - inflation right now is pretty bad, but saying USD lost 50% of its value is just completely and utterly wrong.
I am talking about the Argentine Peso not the US dollar. And this just makes my point stronger. If you think 6% (USD inflation right now) is pretty bad just imagine holding a currency with >50% inflation every year.
> ...again, this is just blatantly untrue on every level. You can use almost any bank and they will convert it for you.
What are you talking about? Not every place has a free market like in the US.
In Argentina the banks only sell you at most 200USD dollars per month and only if you meet very specific requirements. And that's what capital controls mean. The banks are not allowed to sell foreign currencies.
> The "50%" figure is just completely made up, and you know it - inflation right now is pretty bad, but saying USD lost 50% of its value is just completely and utterly wrong.
I am talking about the Argentine Peso not the US dollar. And this just makes my point stronger. If you think 6% (USD inflation right now) is pretty bad just imagine holding a currency with >50% inflation every year.
> ...again, this is just blatantly untrue on every level. You can use almost any bank and they will convert it for you.
What are you talking about? Not every place has a free market like in the US.
In Argentina the banks only sell you at most 200USD dollars per month and only if you meet very specific requirements. And that's what capital controls mean. The banks are not allowed to sell foreign currencies.