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I got 19.20 this pm
It was slightly higher in the morning
My man says they are still trying to interpret the very slight fall in interest rates....
Why don't they just do what Ecuador did and dump the Peso for the Dollar as the official currency. It practically is and has been for years.
http://abcnews.go.com/International/story?id=82666
Inflation in Ecuador
When Ecuador adopted the dollar in 2000, I wondered what arrangements one country makes with another, in order to use their currency. Does anyone know? Because US taxpayers finance the minting of coins and printing/continual replacement of bills, I assume there is a financial arrangement between the countries?
That inflation chart was quite revealing.
Why don't they just do what Ecuador did and dump the Peso for the Dollar as the official currency. It practically is and has been for years.
http://abcnews.go.com/International/story?id=82666
Inflation in Ecuador
I do convert absurd prices to dollar for the seller so that they would realize how absurd it is. However, most people do not know prices abroad so 3 USD or 6 USD sounds the same to them.
Rice , they must have entered an agreement trunks for dollars: Ecuadorians ship logs, the US ships back bills!
When Ecuador adopted the dollar in 2000, I wondered what arrangements one country makes with another, in order to use their currency. Does anyone know? Because US taxpayers finance the minting of coins and printing/continual replacement of bills, I assume there is a financial arrangement between the countries?
That inflation chart was quite revealing.
Not to mention the question of fiscal sovereignty.
I'll look into this for research purposes.
Rice , they must have entered an agreement trunks for dollars: Ecuadorians ship logs, the US ships back bills!
What a splendid idea! Now if we could only get Argentina to use US dollars, the return shipment could be Malbec!
This is going to take a long time because old habits die hard, not to mention the total lack of trust for banks, especially after 2001.
Apart from tourists, do you know anyone who pays with dollars in a shop or restaurant? Most supermarkets show a USD/peso exchange rate, but I have never seen anyone pay for their goods in dollars.
And then there's all those undeclared dollars which Milei is now chasing in the latest amnesty (blanqueo).
Cultural change takes generations.
Who are Diarco (apparently not Día), Vital (Tony?), and Dinosaurio Group (whose name I love) ?
I’d be floored if I ever saw anyone paying for anything with dollars. The exception used to be remises at EZE, which priced in pesos and blue- dollar-rate dollars interchangeably. Until all airport vendors were required to use the official exchange rate.
If Milei wanted to draw out dollars from the mattresses, wouldn’t he allow the dollar:peso rate to increase? It goes down every day, and I keep trying to find either a pattern or an isolatable cause.
As Splinter posts says Millei's plan is to get us to 'open the box' for him and it seems to be working. The gap between the Official and Blue rates has certainly narrowed over the last couple of months.
I think people would still far rather have a stash of dollars than Mickey Mouse pesos though.
My main issue is not that some things were too cheap and needed to be reasonably priced, but that crappy stuff is now priced as in Europe, if not more, but it is still crap.
I am amazed by the prices of plastic cleaning supplies in supermarket, like a toilet brush or a bucket. Stuff that at Ikea is nicer, with a better assortment, and costs a fraction.
Agreed.....the 'cheap' items are crap in quality but still double the price compared to similar items in the UK. Unlike 20+ years ago quality here come at a high price.
