Economics

Argentines Blow Billions on Jordans and Jeans, Stoking Crisis

Argentines are going on cross-border shopping sprees, costing Milei's government billions as it tries to prop up the peso

Argentine visitors shop at a mall in Santiago.Photographer: Tamara Merino/Bloomberg

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To understand the currency crisis rocking the Argentine economy and threatening to sink the government of President Javier Milei, cross over the Andes mountains and descend into the Chilean capital of Santiago.