Argentina: Coin Shortage Bedevils Buenos Aires

By Larry Habegger | Permalink | No Comments | November 9th, 2007 | Trackback

Coins are hard to come by in Buenos Aires, so finding exact fare for buses or getting exact change back from merchants cannot be counted on. The shortage is blamed on people hoarding coins and bus companies that exploit the shortage by selling their coins to business owners for a small fee, around three percent. The government insists that enough coins are in circulation to meet the country’s needs but Argentines disagree, living with the realty of the coin shortage every day. Tempers can get short when merchants and customers spar over who is going to give up their coins.

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