ECONOMIST
25 years ago, The Economist magazine created the Big Mac Index.
In the latest issue, it claims Brasil's real is the most expensive currency in the world...149% above the usd price for a Big Mac.
A Rio Big Mac costs the equivalent of $6.16...while the USA price is only $4.07.
Colombia's peso comes in 2nd...108% above the USA price.
Like others, the magazine claims Argentina is fudging results by not revealing real inflation rates.
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