Eduardo Rabuffetti is an Argentine who has been to the United States once. He says he can pick out a counterfeit by touch. He has walked down the streets of Buenos Aires with tens of thousands of U.S. dollars. He bought the land for each of those buildings in $100 bills.

The Argentine peso is disintegrating in value. One year ago, about 180 pesos could buy $1 on the widely used black market. Now it takes 298 pesos to buy a buck. Last month, passers-by found tens of thousands of dollars blowing around at an Argentine dump.

With the peso plummeting, prices are soaring to keep up. Many economists expect inflation here to hit 90 percent by December. The country has struggled with rapidly rising prices for much of the past 50 years. During a chaotic stretch in the late 1980s, inflation hit a nearly unbelievable 3,000 percent.

High inflation is back, exceeding 30 percent every year since 2018. To understand how Argentines cope, we spent two weeks in and around Buenos Aires, talking to economists, politicians, farmers, restaurateurs, realtors, barbers, taxi drivers, money changers, street performers, street vendors and the unemployed.

Argentina is one of the most expensive countries in the world. The country has been hit hard by high inflation in recent years. Many Argentines have no idea how much they are paying for things. They buy things in installments and don't trust banks to make sure they pay.
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