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“As with any investment or any product with a fluctuating value, buyers and users should seek as much information as possible about the product before exchanging their own hard currency for crypto.”

At the same time, its moribund economic prospects mean that it can’t ignore any opportunity to earn hard currency.

The World Bank has estimated that the cash economy makes up 46% of the country’s GDP, as Lebanese distrustful of banks in the wake of the crisis have sought to deal in hard currency.

Across Argentina, hard currency — specifically, the country’s ubiquitous 1,000-peso notes — remains the most popular way to pay for things.

The lack of hard currency and needed equipment is making the situation even worse without agricultural supplies like insecticides and fertilizers, said Ricardo Torres, an economist at American University in Washington.