Argentina: What does Argentina’s election mean for South America? | BBC

In the future, books about Argentina’s economic history in the early 21st Century will have to come with a comprehensive glossary. South America’s second-largest economy has been through so many different economic policies and experiments in the past two decades that a whole new vocabulary has sprung up to explain day-to-day economic transactions. Buenos Aires’ main commercial street, Calle Florida, now has dozens of “little trees” (arbolitos), the name given to black-market traders who buy and sell dollars openly in the streets. They stand around like bushes holding up their green leaves (dollar bills). Some traders prefer to “make puree” (“hacer puré”), which is to buy dollars from the government and resell them to the “caves” (“cuevas”), the illegal exchange rate shops that deal with “blue” (black-market dollars).

Full Article: What does Argentina’s election mean for South America? - BBC News.

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