Hello everybody,
Back in Nov '22 our accountant in Misiones explained to me the strategy of the dolar MEP and time is proving him right, By disincentivising tourists and others bringing large amounts of USD cash with the attractive card rate, much more of this money entered the domestic economy. Hence the slide in the Dolar blue.
While Argentinian exports are still largely agricultural and mineral, there are active foreign investment projects that make use of the Argentine situation. For example Finlays, a Scottish company, part of the Swire group, is fabricating high quality tea conditioning machinery from its manufacturing base in Northern Argentina, which is subsequently exported to Columbia, Kenya and India..all markets with high demand but low budgets, ruling out competition on price from European, especially Italian, machine manufacturers.
I found this video interesting, long but comprehensive and AFAIK accurate:
In Central France we are in the last gasps of Winter, I'm going to the Snow jazz festival next week
SANCY SNOWJAZZ, Festival de Jazz en Auvergne, Jazz au Mont Dore
Cordialement,