Why Argentina’s Hot Delivery Item Is Cold U.S. Cash

It’s not as if Argentina hasn’t been in economic trouble before — its story, after all, is almost synonymous with sovereign default, including its ninth mere months ago. But rarely has it faced so many overlapping crises at once, with a pandemic-driven economic contraction coming on top of an already deep recession, inflation well into double digits, a currency crunch so bad that motorcycle couriers swarm the streets delivering black-market dollars and few prospects for help from the bond marke