🇦🇷 Argentine Peso collapses, Bitcoin at a premium

Argentinian money has halved in value since May and is down 33 percent against the dollar in just the past five days. The Argentine central bank has increased interest rates to 60%, in order to slow down the free-fall of the Argentine Peso (ARS) as well as to tackle the ever growing inflation rate, which stood at 31 percent in July. Bitcoin ($BTC) is at a slight premium in Argentina of about $200. Crypto trading volumes across Latin America has been increasing recently.

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