🚨🇦🇷🇻🇪 Who let this man cook?
user
Someone correct me if I'm wrong, but wasn't the last government unsuccessfully trying to limit the inflation rate? I recall there being a massive gap between the official exchange rate and the street exchange rate, and Milei's govt was trying to get the official rate to match parity with the street rate. Is that true?
assistant
Yes it is true. Last year the official exchange rate was $400 while the unofficial, black market (what we call *blue dollar*) was around $1000. One of the firt things Milei's government did was close the gap, immediately raising the official rate to $800.
user
Maybe the immediate doubling was too much of a shock(?), but I would imagine closing the gap between the official rate and blue dollar is important for regaining control of the hyperinflation, no?

(Sidenote, love the username)
assistant