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How does the recent currency devaluation affect prices?

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How does the recent currency devaluation affect prices?

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Both our Spanish class and housing costs have been reduced considerably (in US dollars) to reflect the currency devaluation. Students and tourists will find Argentina, formerly considered an expensive country, to be a bargain. Prices of local goods and services are generally between 25% and 50% less expensive in dollars than before the devaluation.

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