Attempted robbery ends in rain of money in Argentina
An attempted robbery ended in a rain of money this Thursday (30th) in Buenos Aires, Argentina. The case came after a young man carrying 7 million pesos (R$230,000) in a backpack was approached by a robber. The information comes from the newspaper “El País”.
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According to the report, the attempted robbery happened around noon in an upscale neighborhood of the Argentine capital. The 26yearold was on his way to the bank when a robber tried to steal his backpack.
During the attempted robbery, the backpack opened and part of the money flew across the street. A resident of the area recorded the moment when passersby rescued banknotes that had fallen on the sidewalk. See above in the video.
According to the newspaper, several people helped the victim. Still, around 70,000 pesos (BRL 1,700) were not recovered.
Argentina is facing a sharp devaluation of its currency. One US dollar is currently worth more than 200 Argentine pesos.
With the currency devalued, the country recently released a 2,000 peso note, which became the most valuable in Argentina despite being worth less than R$50.
In the case of the young man who was robbed, El País reported that he had around 7,000 bills in his backpack.
1 in 1 residents rushed to pick up banknotes lying on the street — Photo: social networks Residents rushed to pick up banknotes lying on the street — Photo: social networks
inflation
Argentina recorded annual inflation of 94.8% in 2022, the highest in 32 years and one of the highest in the world, according to statistics institute Indec.
The items with the largest price increases were clothing and shoes at 120.8% and restaurants and hotels at 108.8%. Among those who have increased less are communications (67.8%) and housing and public services (80.4%).
This level of inflation has not been recorded since 1991, when, after two years of hyperinflation of more than 1,000% in 1989 and 1990, there were several months of annual increases of more than 100%.
Latin America’s third largest economy has been mired in chronic doubledigit inflation for a decade, a phenomenon with multiple sources, both internal and external.
Despite economic growth and the fall in unemployment (7.1%), wages have lagged behind due to inflation, with sharp losses in purchasing power. Many Argentines have fallen into poverty, affecting 36.5% of the population of almost 47 million people.