MercoPress. South Atlantic News Agency
US dollar in Argentina reached 10 Pesos ahead of Sunday's mid-term election
The US dollar in Buenos Aires reached on Tuesday 10 Argentine Pesos (buying price) and 10.05 pesos (selling price) in the informal market, 15 cents higher compared to its last closing price, pushed by the tourist sector, and as the government crackdown on the so called city “exchange caves” eased up. Read full article
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Disclaimer & comment rulesAnd this is with strict controls and La Campora storm troopers attacking the sellers.
Oct 23rd, 2013 - 02:20 am - Link - Report abuse 0What will happen in Nov?
I think I know
Think of the arbitrage opportunity for Argentinians. Buy dollars at the official price and sell them at the unofficial price. It's nearly a 100% margin!
Oct 23rd, 2013 - 07:25 am - Link - Report abuse 0@2 ..... It's the govt. doing it, silly .They are the only ones who can actually get hold of dollars to sell in the first place .
Oct 23rd, 2013 - 08:14 am - Link - Report abuse 0This is BS. Friends and family told me that they sold their US$ for 11.50 about a month ago
Oct 23rd, 2013 - 08:30 am - Link - Report abuse 0argieland is a dollar madhouse,I think in all other countries the greenshit is dropping.In UK it was £=1-48 couple of months ago now £=1-62 a drop of 14cents,but in cristinas queendom it rises,sorry just the peso is worthless.
Oct 23rd, 2013 - 10:43 am - Link - Report abuse 0Welsh, There's probably better rates in hotels, restaurants etc. At some point people will get desperate to get out of the Peso at any price.
Oct 23rd, 2013 - 12:50 pm - Link - Report abuse 0Businesses are predicting a 10/1 official exchange in 2014
My guess is street will still be double that
Well, we all said it would soon be 10 RG pesos to the $ very soon, and guess what, here it is!
Oct 23rd, 2013 - 01:10 pm - Link - Report abuse 0Lets take bets on what it will be AFTER the so called 'elections'. Any advance on 12?
They'll be lucky to keep it at 12/1. Just look to Venezuela that was the K model.
Oct 23rd, 2013 - 02:35 pm - Link - Report abuse 0Chrissy is currently working on the book “ How to destroy 3 generations of wealth in just over 10 years”
@ 8 yankeeboy
Oct 23rd, 2013 - 03:23 pm - Link - Report abuse 0Remember this:
”6 ChrisR (#)Aug 21st, 2013 - 08:35 am
5 yankeeboy
“Anyone want to guess the exchange rate after the elections?”
Official rate: 15
Blue rate: 20 and upwards.
You heard it here folks!“
I think I will be ”on the money”.
@9
Oct 23rd, 2013 - 03:44 pm - Link - Report abuse 0I don't think that they will devalue. It is policy of this government NOT to devalue. I know that it is an utterly crazy policy but I don't think that it will change straight after the election. Afterall, they know that if they devalue it will feel like 2001 all over again and they will be out of power the next day. They will run the country further into the ground before they do this. It will be the perfect example of cutting off your nose to spite your face.
The dollar is the only currency in the world that the more one appreciates more loses importance.
Oct 23rd, 2013 - 04:07 pm - Link - Report abuse 0The U.S. economy is very swollen. Living speculation. The gap between rich and poor is increasing.
10. It was also a policy not to pay ICSID or negotiate with the holdouts.
Oct 23rd, 2013 - 04:23 pm - Link - Report abuse 0Never say never
11. Use a different translation site, your posts make you sound moronic.
@12
Oct 23rd, 2013 - 04:28 pm - Link - Report abuse 0You are spoiled to see the world through the English language. More important than knowing how to speak is listening.
Develop your reasoning. Or you keep questioning what I wrote.
@12 I know, but to the man of the street this is the most emotive and the most immediate. I'm not saying it makes any sense but I think that it is the last thing that they will do as there is no way that they can reconcile a devaluation with their mantra of 10 years won.
Oct 23rd, 2013 - 04:28 pm - Link - Report abuse 0@14 after the elections there will be a de facto devaluation with two rates: the fictional one and the real one which will be a “tourist dollar” at 8-10 pesos. But that will only let them delay the collapse until late 2014 as the blue dollar will depreciate to infinity and beyond. CFK´s idea is to make the economy collapse when the next term begins. Even if she doesn´t get into power she´ll ruin the country out of spite.
Oct 23rd, 2013 - 05:25 pm - Link - Report abuse 0The problem isn´t what happens next year or in 2015, but what will happen AFTER. Will it be same old same old?
@13 If you are writing in the English language - the leading international language - you need to make sense in that language. I realise you are trying to make a point and it may be valid but if your posts make no sense no one will take any notice.
Oct 23rd, 2013 - 06:41 pm - Link - Report abuse 0@16
Oct 23rd, 2013 - 06:47 pm - Link - Report abuse 0Same answer for you. I thought you were more original.
13 Brasileiro, How do you expect me to listen to and try to make sense out of random words strung together that have no meaning?
Oct 23rd, 2013 - 06:50 pm - Link - Report abuse 0Cat house ride good
Does that make sense to you because that's how your posts read to everyone here?
14. If they are following Venezuela's path, Magnus is probably right in that they will have different exchange rates based on what the “declared” use is supposed to be. V had (has?) 4 but surprise surprise only Gov't officials can get the lowest rate.
Joys of being SA caudillo and minion
@ 18
Oct 23rd, 2013 - 06:55 pm - Link - Report abuse 0I've explored all your capabilities, not found any. I think that's my problem. Sorry.
Could a person use Xoom or money orders to send dollars in?
Oct 23rd, 2013 - 07:38 pm - Link - Report abuse 0@17 That makes no sense. Using infantile language like ' same to you with nobs on' really does not work outside of a playground. I was giving you some friendly advice but now I shall ignore you, as I am sure most people will.
Oct 23rd, 2013 - 07:43 pm - Link - Report abuse 0@21 Online
Oct 23rd, 2013 - 09:18 pm - Link - Report abuse 0Liar and arrogant!
Brasileiro.
Oct 23rd, 2013 - 10:06 pm - Link - Report abuse 0I would like to give you some friendly advice. Write your comment in Portuguese, then use the translator to change it to Spanish. Once you have done that cut and paste the Spanish text and translate to English. It will work better and it will help us because trying to understand your comments is very difficult as many make no sense.
Brasileiro don't be so darn touchy.
Oct 24th, 2013 - 08:24 am - Link - Report abuse 0Translate the Engliguês back to português and see what the problem is.
Learn instead of getting upset.
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