MercoPress. South Atlantic News Agency
“Blue” dollar in Argentina reaches 6.15 Pesos; 36% gap over official exchange
Wednesday was another day of intense trading for the money exchange market in Buenos Aires with the “blue” or black market dollar reaching a new record, 6.15 Argentine Pesos, which for the first time was higher than the system used for getting dollars out of the country. Read full article
Comments
Disclaimer & comment rulesIt's all the illegal escapers of taxes that where in Uruguay last week, that now are buying over-priced dollars in a futile effort to hold on to “their” money :)
May 24th, 2012 - 06:32 am - Link - Report abuse 0You know its bad when your own countrymen are trying to take money out of your own currency to save it.
May 24th, 2012 - 07:11 am - Link - Report abuse 0That is a certain level of desperation only seen usually in economies going into economic melt down.
wheelbarrows full of currency to buy chips soon, oops sorry forgot no chips, Lpg gas then??? oh sorry no gas. Its looking pretty Rosey isnt it
May 24th, 2012 - 07:27 am - Link - Report abuse 0Let's see what CFKC does about this now she is back at work after her 'sickie'. Honestly, the woman is a medical miracle recovering from influenza in just 48 hours! Or maybe she was lying and being over-dramatic about the sniffles?
May 24th, 2012 - 08:59 am - Link - Report abuse 0Increased AFIP raids are not going to control this problem. It just make s teh gov't look weak and desperate. At some price and or point there will be public panic. Once it sets in they will not be able to control the devaluation.
May 24th, 2012 - 10:30 am - Link - Report abuse 0It is just a matter of time now...
Quick question (if anyone can help). My brother-in-law has asked me to buy a computer in the UK and take it over to Argentina for him (it costs 10,000 pesos in Argentina and 4000 in the UK). Are there any restrictions on bringing personal items like this and, if there are, who would be the best person to bring it in, me (on my UK passport) or my wife (on her Argentinean passport)?
May 24th, 2012 - 11:27 am - Link - Report abuse 0@4 Elaine, sounds less and less like influenza and more and more like a bad case of “man flu”.
May 24th, 2012 - 11:33 am - Link - Report abuse 06. As a foreigner visiting Arg you can bring in 1 laptop and 1 cell phone. The aduana is pretty disorganized so it is hit or miss on whether you will have to give them the declaration you fill out with the serial numbers of the electronics. If you do there is a very very slight chance they will want to see the items leave with you back to the UK.
May 24th, 2012 - 11:42 am - Link - Report abuse 0As an Argentinian she would probably have to pay taxes when she brought in the items.
@6 I have completed the Argentine customs form numerous times and I remember having to list mobile phone details but not my laptop. I have never been questioned, or had my bags searched and, in fact, most of the time the customs officers are not bothered to take the customs form at all. This is probably because they are not very interested in foreigners. I have taken I-pods as gifts but never a computer.
May 24th, 2012 - 12:09 pm - Link - Report abuse 0It might be a little more tricky if your Argentine wife took it in but as she is not resident there, I doubt it. If you had one lappy each, I can't imagine anyone questioning you about that.
I think I may have mentioned here before that the last time I left BsAs in March, people with Argentine passports were having to list every single item of value in their hand luggage before leaving the country. It was a nightmare of long queues with just one man at the desk. Everyone else just went through customs as usual. I was a new system so they may have organised it a bit better now.
No wait a minute guys, Think told us yesterday that everything is going to be fine. Think? Are you out there??? I'm getting worried again.
May 24th, 2012 - 01:13 pm - Link - Report abuse 0@1
May 24th, 2012 - 01:54 pm - Link - Report abuse 0Gee Guzz, I haven't one person in this country who is not an:“.. illegal escapers of taxes,..” So you must mean the entire country of Argentina. Please explain.
CFK demanded that no one speak about the barriers to exchange.
May 24th, 2012 - 01:59 pm - Link - Report abuse 0Shhh if no one talks about about it maybe if will delay the panic.....
Tee hee
6 Welsh Wizard (#)
May 24th, 2012 - 02:40 pm - Link - Report abuse 0May 24th, 2012 - 11:27 am
I suggest you carry the “contraband”, as yankeeboy says you can enter the country with a laptop with no problem, and going out they won't have the slightest idea who you are.
Have a good time here. Are you coming to Patagonia?
13 Simon68
May 24th, 2012 - 02:45 pm - Link - Report abuse 0Thanks all for the advice. Yup, we'll be down in that part of the world visiting family and may pop to Bariloche for a bit of skiing..!
14 Welsh Wizard (#)
May 24th, 2012 - 02:53 pm - Link - Report abuse 0May 24th, 2012 - 02:45 pm
Skiing should be good, there's a fair covering of snow on the mountains already, and probability of more over the weekend, so ENJOY.
Cheers, it's the skiing and the wine I'm looking froward to. Will try to take some time out from family duties to do some tasting in Mendoza as well...
May 24th, 2012 - 02:57 pm - Link - Report abuse 016 Welsh Wizard (#)
May 24th, 2012 - 03:07 pm - Link - Report abuse 0May 24th, 2012 - 02:57 pm
A tip, try the Schroeder wines, especially their malbec, from Añelo, Neuquén. They are excellent. I believe there are some really good wines even further south in Chubut, but I'm not sure whose they are. Think would probably know.
17 Simon68
May 24th, 2012 - 03:18 pm - Link - Report abuse 0You're right; the Schroeder wines are very good. I did a tour around a number of the Neuquén bodegas 18 months ago. However, it's the altitude in Mendoza which really makes the Malbec grape flourish and, unfortunately, there isn't the thermal amplitude in the south to give the wine the same intensity. The epitome of this is in Salta where some of the vineyards are up at 2000m and you get temperatures of c. 40 degrees during the day and sub-zero at night making the wines almost purple in hue and with a stunningly complex structure of tannins. They aren't quite to everyone’s taste but, if you can, buy a bottle of San Pedro de Yacochuya. ABV is sometimes up near the 16% mark, quite a stunning wine but needs a good couple of hours to breathe first...
http://www.sanpedrodeyacochuya.com.ar/eng/history.php
anyone in the UK looking for the best Argentinean wine outlet, I found this the other day. Being a bit of a wino I've been looking around at these guys are by far the best...
http://www.sanpedrodeyacochuya.com.ar/eng/history.php
18 Welsh Wizard (#)
May 24th, 2012 - 03:46 pm - Link - Report abuse 0I am, as you can see a fanatic Patagonian!!! Thanks for the info on San Pedro de Yacochuya, I'll certainly try to get outside a bottle.
19 My mother-in-law too, she can't understand why I like Mendozan wine as they live slap bang in to middle of Neuquén wine country!
May 24th, 2012 - 03:56 pm - Link - Report abuse 0So the offset is 36%.
May 24th, 2012 - 04:40 pm - Link - Report abuse 0Well, we all know where it's going from there, don't we?
Crash-hat time if you have any money in Argentina (unless you are a mate of The Mad Bitch of Argentina). :o)
Argentines who voted for CFK will get what they deserve: a major devaluation and poverty. Meanwhile the politically connected Peronists will get richer and richer. After the devaluation the Peronists will rush in to buy Argentine assets on the cheap with their dollars stashed offshore
May 24th, 2012 - 05:07 pm - Link - Report abuse 0@6
May 24th, 2012 - 05:46 pm - Link - Report abuse 0Don't forget to buy a computer with Spanish keyboard...
20. Another hint, make sure the laptop looks like you have been using it in case they search your bag. The Aduana are hit and miss so you never know when one of them needs some $ to buy lunch.
May 24th, 2012 - 05:48 pm - Link - Report abuse 0TWIMC
May 24th, 2012 - 08:48 pm - Link - Report abuse 024'th of maj 2012, 17:44hs
Dollar “Blue” : Down to 5.91........
Seems to be that “The Sky will not fall over us today”, as Obelix always says....
T
Of course the sky will not fall on you; you may not be able to get into the sky. Now CFK and friends are keeping the Argentina people from flying out of the country until they are checked for dollars.
May 24th, 2012 - 11:32 pm - Link - Report abuse 0well what can we expect from kk nothing more than robbing the salaries of argentines. And kk & friends becoming more millonaires.
May 25th, 2012 - 01:00 am - Link - Report abuse 0http://adribosch.wordpress.com/2011/11/16/insolito-doble-discurso-presidencial-cristina-se-queja-del-dolar-pero-compro-mas-de-us-3-millones-%C2%A1/
Tired of politicians............bunch of s***** google it if it no appears
Marcos, The sky is falling you are just too stupid or blind not to notice.
May 25th, 2012 - 11:26 am - Link - Report abuse 0I love that you use 1 day of a price decrease to show you are onto a new trend.
You should invest in the stock market you would be a gazillionaire by now instead of getting poorer EVERYDAY.
tee hee
People cant save money in Arg. There is no way. In pesos you loose, and if you go to a supermarket, with 100 $ you cant buy nothing. Obviously prices in Arg arent those that publishes the Indec, and neither of inflation, that is everyday more high.
May 25th, 2012 - 04:41 pm - Link - Report abuse 0Indec uses 2008 prices for most items.
May 25th, 2012 - 10:23 pm - Link - Report abuse 0lt was very nice to read about Welsh Wizard & Simon68 talking about wines etc, & not read the normal bitching & whining about these mythical malvinas(MMs)that so obsess the malvinistas on here.
May 26th, 2012 - 11:48 am - Link - Report abuse 0#4 Elaine you really are a horrible vindictive witch; why do you hate Cristina so much, its like you're jealous that she's the fairest of them all =)
May 27th, 2012 - 08:54 pm - Link - Report abuse 0@32 B_K,
May 28th, 2012 - 08:33 am - Link - Report abuse 0Steady on old chap, don't lump CFK in with us honest witches.
We have our pride you know!
Where did I call the lovely Cristina a witch? =)
May 28th, 2012 - 01:23 pm - Link - Report abuse 0TWIMC
May 28th, 2012 - 08:53 pm - Link - Report abuse 0May 28th, 2012 - 05:40 pm
Dollar “Blue” : Down again to 5.84........
Seems to be that “The Sky will not fall over us today”, as Obelix always says....
@34 B_K,
May 29th, 2012 - 11:55 am - Link - Report abuse 0Yes you are right.
l didn't read your comments properly.
Slight hangover yday morning!
My apologies.
But do you need your eyes tested too?
Anyway if you're a witch I wouldn't want to lump you in with the nasty Elaine so maybe I shouldn't call her that =)
May 29th, 2012 - 12:29 pm - Link - Report abuse 0Commenting for this story is now closed.
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