Friday, December 12, 2008

No Change!!

This funny but still serious article looks "Inside the Worlds Most Annoying Economic Crisis". Argentina, with Buenos Aires especially, is struggling with keeping coins in circulation. The writer talks about his experiences and tells examples of not being sold items because of not having right change or being given back MORE so the seller did not have to give him change. As of now, the one peso coin is worth more to people than a two peso paper note because they can make change easier with the coins, and possible not be shut out of a sale.

The artilce says its not for sure why the problem is happening. The government is accusing Argentines of hording their coins, which many are at this point. In turn, citizens are accusing the governemnt of not minting enough, even though they have produced a record amount of coins this year and the problem has only gotten worse. Everyone is blamming the bus companies who only accept coins, and are then running a legal side business of exchanging paper notes to coins for a fee.

This economic crisis may seem like something minor, but what a pain to deal with. I was in Buenos Aires for a week early this summer and saw what a pain it was for that short time. It seems the problem has only amplified since then as well.

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