Today it's 376 I see. Is there something fishy going on I wonder?
Watching the dollar
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Today it's 376 I see. Is there something fishy going on I wonder?
Definitely......
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Finished even lower so as fishy as Captain Birdseye.
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The peso was weaker today. Be interesting to see what happens tomorrow.
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373 today....hmmmmmm.
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Back to 377....
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369 the now.
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Two things I can never understand.
Women ( and I have three sisters....)
And the ARG Peso and the USD - The up and down movements never make any sense.
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Wtf is a dollar Coldplay?
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Two things I can never understand.
Women ( and I have three sisters....)
And the ARG Peso and the USD - The up and down movements never make any sense.
Can't give you an answer about women....I gave up years ago.
As for the ARG peso. All I know is it's as desirable as the rouble or rupee.....enough said.
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Wtf is a dollar Coldplay?
I’ll attempt to answer this, although I’m pretty sure you know more about the situation than I do, @serafina .
When Coldplay was negotiating a contract for its concerts in Argentina last Spring, their agents required payment in a hard, “real” currency. So ticket prices were fixed at the official dollar rate for pesos plus a 35 per cent special levy.
Thus was born the “Coldplay dollar,” for paying performing artists and sports stars from other countries.
Desperate for dollars, but fighting the inevitable devaluation of the peso, the government has seized on any opportunity to keep the peso artificially cheap. These opportunities seem especially focused on transactions using foreign currency: additional fees are levied on these, in an attempt to curtail the appetite for dollars. Hence the “Netflix dollar” (extra 50% for those streaming from abroad) and last Spring’s “Qatar dollar” whose rate (double the official) effectively punished those going to the World Cup. There also is or was a “soya dollar” to encourage more soy exports. Reuters tracks these various exchange rates, which, a few months ago, numbered 17.
Unbefreakinlievable.
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Unbefreakinlievable.
Which is why Argentina is, and will always be, a freakin economical shambles.
Having said that. I reckon they've got so used to things being as they they couldn't handle being 'normal'.
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Looking forward to it!
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Silicon Valley Bank: Biden seeks to reassure US after two banks collapse - BBC NewsShares in US regional banks tumble and European stock markets fall as investors worry about a broader crisis.www.bbc.com
This explains the situation
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380 today.
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380? Argentina’s inflation seems to have spread from currency to weather -
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The midday spread was 389-393 ...
Looks like 400 by the end of the month.
The GBP is now officially at 250 - WU is paying 490 today.
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