Argentines’ Dollar Crisis Deepens

While flying from Buenos Aires to Santiago in 2002, Wayne Bernhardson found himself seated next to an Argentine, bound for New York on business who, because his government had frozen bank accounts, found himself cashless. Now, ten years later, history may be repeating itself for foreign-bound Argentines.

A pile of loosely scattered real bills.

The World’s Most Overvalued Currency

Since 2003, the value of Brazilian real has increased 122 percent against the once mighty dollar. As a result, many things (bus fare, beer, life in general) are slowly, but surely, getting more expensive.