Plunging peso hits ordinary Argentines hard

  • The immediate trigger for the collapse in the value of the Peso was President Mauricio Macri’s resounding defeat in this week’s primary elections
  • While those with the luxury of having spare cash can take advantage of the peso’s volatility — either by buying cars and other goods relatively cheaply, or simply exchanging their pesos for dollars — for many Argentines there is no upside to currency volatility