300% inflation in Argentina leads to declining Paraguayan border town sales and economic instability.

Argentina's 300% inflation and a propped-up peso are causing Paraguayan border towns to decline, as cheaper Argentine imports become less affordable. Nanawa, once a thriving shopping destination, now has sales plummeting up to 80% due to increased prices for smuggled goods. This economic instability is also affecting Argentina's competitiveness in exports and tourism, as well as raising living expenses for Argentine residents.