Peso Crisis Imperils Coffee Supplies in Famed Cafes of Argentina
- Restrictions mean importers are running low on coffee beans
- Government curbs foreign purchases to protect dollar holdings
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An escalating currency crisis is threatening a touchstone of Buenos Aires life: coffee.
Argentina is tightening restrictions on imports to shield its precarious reserves of dollars as it tries to stave off a devaluation that’d bring even more turmoil to an economy featuring 71% inflation. Almost no industry is unscathed -- even importers of coffee sipped for generations in the capital’s famed cafes are feeling the pinch. Drinkers may be next.