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That's an interesting question. We could reasonably assume that the "realistic" rate is blue but the government enforces a crawling peg to contain inflationary effects of it's devaluation. I'm curious if the government would allow a floating peso to freely devalue at any speed once the CEPO is...

I don't know that anyone with dollars under the mattress who watched them go from 200% the value of a peso to 0% would be happy about putting them to use...but you are right, they may as well do something with it now it has no current "hedging" value.

The million dollar question is at what exchange rate...and why? What items are priced in dollars except real estate (which nobody wants en blanco)? The merchant has everything priced in pesos, why would anyone use their dollars to buy bread? Ironically, getting rid of the cepo and forcefully...

Great analysis and comment. Came to say that property tax (like any flat tax) is regressive, in that there should at least be a homestead exemption or value floor. Property tax on investment properties makes more sense. VAT wouldn't be so regressive if canasta basica goods (not just bread/milk)...

Chile will get you a 50% discount on whatever prices you see here. Check Mercado Libre Chile's website to get an idea of their pricing for the model you are looking for. It's a short flight to Santiago.

One can't help but laugh at the absurdity of the situation. Milei - there are no more fiscal deficits. All budgets must be cut to bring them in line with fiscal constraints. Univeristy - Hey we're losing to inflation, can you please increase our budget? Milei - What previously paid your...

Pardon my ignorance of Argentine politics, but it seems pretty clear to me that the audit is not the issue, but rather that the Economic Minister is requesting that the representative, regardless of the audit findings, should explain how the government will finance the additional cost of the...

It worked out great for the movement leaders for the independence of Catalonia. I say go for it! /s

It's a shame...this would have been a great opportunity for Milei to define and ultimately defend a coherent plan for tackling the increasing poverty level here. If you are going to do away with soup kitchens and welfare programs in the name of fiscal balancing, you should at least champion...

Thanks Toast & Antipodean. Update: I met with the seller & agent today and the seller was informed by her bank (BBVA) that they would charge a 2% commission on incoming foreign wires. In addition her status as a pensioner would present some problems justifying the receipt of funds since they...

Interesting, I'll look into this. If it's more complicated (for the seller) to receive USD from the exterior from an account that's not in their name than it is to receive it from domestic bank to domestic bank,

Great info Toast. Was there a particular reason you did the wire transfer to yourself first instead of directly to the seller? To avoid any credit delays?

Howdy Ries, Thanks for the input. We plan on going with the the Escribano firm that the real estate agent typically works with, since we really don't know any here. I know some might frown on that, but when you don't know anything or anyone, it feels like a crapshoot regardless. Amazingly, the...

Howdy folks, I'm purchasing a property in Neuquen for $160k. The first transfer I need to do is this week for a 10% seña deposit. The remainder is due at the end of the month. Background: I am a permanent resident here with a DNI and peso bank account at Banco Nacion. I have never wired myself...

Interesting story...it reminds of stories I saw regarding Italy and Japan offering free property to those willing to repopulate some of their historical rural towns. Sadly the demographic trend in far flung places isn't kind to cultural preservation.

Brutal...a lifetime of contributions and you can't even enjoy it. Imagine if the US did the same with SSI benefits.

It's impossible to leave ideology out of what resources a government is required to distribute and to which beneficiaries. Is a federal government's mandate required to operate an airline and provide flights to far flung low populations areas at tax payer expense? Do tax receipts justify such an...

Some elected posts in Argentina carry a political immunity, no? Perhaps CFK is trying to buy herself a few more years of freedom via public office.

This is actually good news. 52% is a monthly average increase of 5.2%, which means that owners are no longer trying to front run inflation with arbitrary aumentos (thanks to 3 month adjustments and 1 year contracts) and that they have largely abandoned the ICL for the IPC. Overall it shows the...

Perhaps if small dollar denominations in various states of actual circulation wear/tear were readily accepted, then dollarization could theoretically happen. But the current limitations of "new new new pristine condition collectible $100's" make that possibility dead on arrival. A used $1 bill...