Milei’s Peso Policy Sends Argentines to Brazil’s Beaches for the Holidays
Vacationers are headed abroad where their money goes further.
Illustration: Maggie Cowles for Bloomberg
This article is for subscribers only.
The sun was shining and waves were crashing as Luciano Morei and Gustavo Gavini kicked back and took in the familiar arc of Copacabana Beach.
The friends hail from Buenos Aires but have become regulars on Brazil’s most storied strip of sand. Morei was visiting for the second time this year, while Gavini was on his fourth trip. And if Argentina’s economic policy doesn’t change, they’ll be back again soon.