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submitted 2 weeks ago* (last edited 2 weeks ago) by CoolerOpposide@hexbear.net to c/news@hexbear.net

Tracking Milei’s Wins:

Huawei does a lot of business in Argentina. As a result of the recent Argentinian currency instability crisis, it has become impossible for Argentina to pay China in RMB or USD, and Huawei really doesn’t want to be stuck holding the hot potato (Argentinian Pesos) in its accounts.

Imagine you have two cows:

Huawei has immediately been taking any payment it receives in pesos, and immediately flipping it by purchasing Argentinian beef, which it then ships to sell back in China. China is the largest importer of beef in the world, and Huawei is now China’s largest importer of beef, which makes it quite possible that Huawei is currently the world’s largest beef importer.

It’s been very difficult to find any English media talking about this, so here is a link to the article

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[-] Cherufe@hexbear.net 38 points 2 weeks ago

Remember when an argentinian peso was worth like 200 chilean pesos and now the chilean peso is worth more than the argentinian peso

Chile Campeón

[-] imikoy@hexbear.net 21 points 2 weeks ago

Resurrect Allende and we will have 200 argentinian pesos be equal to one chilean peso in half a year

Don't resurrect Allende and we will have the same thing but it'll take more time

this post was submitted on 12 Jun 2024
179 points (100.0% liked)

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