The Buenos Aires barber's books: a history of 19,900% inflation

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The Buenos Aires barber's books: a history of 19,900% inflation
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The hand-written entries in the two dozen notebooks - date, haircut, price - chronicle decades of a Buenos Aires barber's working life. But they tell another story too, Argentina's most important: a t

In his small barbershop with sandy wooden floorboards and a fishbowl glass window to the street outside, Ruben Galante has for some four decades watched presidents come and go, myriad economic crises, and fast-rising prices.

"This is a long, long crisis and it's constantly getting worse," Galante told Reuters in his store. "It's leaving us impoverished." "My son has a music academy and he's always working flat out and he still can't buy a property, he can't buy a car," he said. "He works so much but the money just doesn't last."As a young barber, a 26-year-old Galante first rented his store in the leafy neighborhood of Belgrano in 1982, the last year of military dictatorship. Three years later he bought the shop with help from the bank.

Galante's per haircut income has dropped in dollar terms to some $4 now at the parallel exchange rates most Argentines use. By late 2001 angry Argentines were calling on the president to quit and staged a run on banks as they tried to withdraw deposits after the infamous "corralitos" where the government seized savings. On Dec. 20, 2001, de la Rua fled the presidential palace by helicopter.

That's soared far higher now. The largest local bill - the 2,000 peso note - no longer covers a simple trim.

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