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
Argentina's 300% Inflation and Propped-Up Peso Spawn Paraguay Border Ghost Town usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
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.