The border town of Nanawa in Paraguay, once bustling with shoppers seeking cheap Argentine imports, has turned into a ghost town due to soaring inflation and currency devaluation in Argentina. Local shopkeepers report drastic sales drops as prices for goods, including beef and daily necessities, have surged dramatically.
Paraguayan shoppers
used to flock in their droves to the border town of Nanawa to
buy cheap imports from Argentina, where the weak peso currency
for years kept relative prices low for fuel, medicine. -May 27, 2024 at 07:00 am EDT
- MarketScreener
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Paraguayan shoppers used to flock in their droves to the border town of Nanawa to buy cheap imports from Argentina, where the weak peso currency for years kept relative prices low for fuel, medicine and groceries smuggled in across the frontier.
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