Argentines Flocked to Buy Dollars to Protect Savings From Crisis
- In July, 1.4 million Argentines bought dollars legally
- Political crisis drove inflation to highest level in 30 years
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As political turmoil roiled Argentina last month and inflation surged to a three-decade high, the population did what they do in every crisis: buy dollars.
About 1.4 million people bought greenbacks on the formal market in July, up nearly 60% from June, according to central bank data published Friday afternoon.