STORY: Shoppers are no longer flocking to buy cheap imports from this once-bustling town on Paraguay’s border with Argentina. For years, the weak peso kept prices low for fuel, medicine and groceries, all smuggled across the frontier. But with a rare mix of Argentina’s near 300% inflation and a propped-up peso under libertarian President Javier […]
Tag: Paraguay
Argentina’s 300% inflation and propped-up peso spawn Paraguay border ghost town
By Daniela Desantis and Lucinda Elliott NANAWA, Paraguay (Reuters) – 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. Now Nanawa is a […]