A heavy handed police raid on illegal exchange houses (cuevas) in the city centre today.
Somehow, I don't think they are going to be able to eliminate the 'blue' market because they will always exist in one form or another.
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A heavy handed police raid on illegal exchange houses (cuevas) in the city centre today.
Somehow, I don't think they are going to be able to eliminate the 'blue' market because they will always exist in one form or another.
Wouldn’t you have shit a brick if you’d happened to have been in the cueva when they burst in?
Unless they have an early warning system in place?
One of the guys I know said that they had been warned to expect some action this morning and he closed - But still doing "delivery"
One of the guys I know said that they had been warned to expect some action this morning and he closed - But still doing "delivery"
After viewing the video for the second time, I think it was all staged and the guy filming was messing up with their plan to simply put a check next to "raided cueva in Florida".
One of the guys I know said that they had been warned to expect some action this morning and he closed - But still doing delivery"
Could be Business As Usual in the cuevas tomorrow morning?
Nobody wants pesos
Same old story. The other day BBC World was showing an old clip from the 70's with John Humphrys reporting from Buenos Aires. He was saying it's cheaper to paper your walls here with bank notes than it is with wallpaper!!
When the article is still loading, hit the reader mode option in your browser (in the address bar like a little book), that should reload paywall articles in reader mode where you can view them. Works on a lot of websites, not sure about Bloomberg
Now THAT, Semigoodlooking , is the handiest little tip I’ve read in ages! Worked like a charm.
I use Reader View a lot, to be rid of all the distracting ads. But to skirt paywalls? Delightful.
Thanks!
Here is the view from the BA Times and very well summed up.
The peso's got a fever and the only prescription is more dollars
Very well written summary of the situation. Also includes a great employment opportunity for the very elderly:
To put this in perspective, the maximum amount of US dollars anyone can officially buy at a bank at the official rate is $200, provided the moon and Saturn are in the correct phase and each customer is accompanied by their great-grandparents. (Or exuberant newly-employed actors posing as great-grandparents)
Today the dollar hit $174 on the Blue market and it's influenced by the upcoming elections, the country's debt and numerous other factors which I can't get my head around. Phases of the moon perhaps?
Splinter, why don’t you design an app for Argentines and expats alike, that imitates Rain Alarm, only with blue dollar alerts?
I'm afraid I don't have the skills for that.
Anyway, the dollar hit $180 yesterday and this seems to be the ↑trend↑ for the next few months.
I am currently in US, considering moving to Argentina. When I was there, it was obvious I wanted to keep my funds elsewhere in USD. I used an ATM to get pesos. I walked into a bank and asked about opening an account and was promptly escorted outside to the ATM. If I remain a US citizen, what is the best way to handle my money?