Search results

  1. A

    Argentina’s Far-Right Turn at the UN

    This kind of nonsense of making issues out of non-issues will be what ends LLAA winning streak, sooner than later. Explaining that the "no" vote is somehow an elaborate protest against the UN/ "supranational government" takes too much brain work/ reading to understand for the majority of people...
  2. A

    Is inflation killing tourism?

    https://tableros.yvera.tur.ar/internacional.html#:~:text=En%20el%20total%20del%20a%C3%B1o,en%20relaci%C3%B3n%20al%20a%C3%B1o%20anterior).&text=Var%20%25%20i.a.&text=Var%20%25%20i.a.,-Viajes%20de%20turistas&text=Var%20absoluta%20i.a. Here are the latest stats... Accumulated inbound tourism...
  3. A

    Trump won't talk to Milei

    https://www.infobae.com/politica/2024/11/08/durante-una-visita-relampago-a-mar-a-lago-milei-se-reunira-con-trump-y-expondra-su-mirada-politica-sobre-el-tablero-internacional/ I don't get the gist of the headline... Trump will host Milei in his Mar a Lago home next week, making him the first...
  4. A

    Argentina halts banknote printing as Milei turns to Chinese suppliers

    Tell it to "advanced economies" like Norway, Denmark, New Zealand amongst others. Nor is it the first time an Argentine government (or one of an advanced economy) imports its own money... if it was not a thing then the Royal Canadian Mint wouldn't have been producing currency for 73 countries...
  5. A

    Argentina Tax Amnesty Scheme Lures $18 Billion in Bank Deposits

    It was reported yesterday that private USD bank deposits in Argentina are now at their highest point since the end of convertibility (when 1 peso was 1 dollar) and are thus higher than the previous peak in the past almost three decades witnessed under the Macri government, when for a few short...
  6. A

    Milei is Argentina’s most popular leader but disapproval grows

    https://www.infobae.com/politica/2024/10/28/encuesta-revelo-una-fuerte-recuperacion-de-la-imagen-de-milei-y-de-la-gestion-del-gobierno-la-economia-fue-clave/ From Infobae 3 days ago: "A survey revealed a strong recovery in Milei's image and the Government's management: the economy was key The...
  7. A

    Viva La Casta, Carajo! Milei Sets Strong Restrictions on Reimbursements/Coverage for Prepagas; Creates 2 Tier System for Monotributistas.

    Before jumping the gun and assuming (or wishing for…) the worst, would wait until you hear from your insurer to see if and how this resolution affects you. Here is what I just received: “Hola: Nos ponemos en contacto para informarte sobre la Resolución 3934/2024 de la Superintendencia de...
  8. A

    Javier Milei's Economic Reforms Are Already Paying Off in Argentina

    https://www.infobae.com/economia/2024/10/27/el-ajuste-por-el-indice-de-alquileres-baja-por-primera-vez-en-53-meses-cuanto-se-reduce-y-a-que-se-debe/ According to today's news, the rental price index (ICL) fell for the first time in 53 months.
  9. A

    Central Bank is working to enable dollar debt cards

    If the official and parallel rates converge, it would be like in 2018 when using a foreign currency debit/ credit card to pay amounts in pesos was effectively the same as the only rate that mattered was the official. In those days I personally almost always used a foreign card for transactions...
  10. A

    Central Bank is working to enable dollar debt cards

    "Argentina’s Central Bank is working with banks and credit card companies to enable debt cards denominated in dollars." "Argentina’s Central Bank is working with banks and credit card companies to enable debt cards denominated in dollars, bank chief Santiago Bausili said in a post on X." They...
  11. A

    Central Bank is working to enable dollar debt cards

    It is about debit cards linked to USD bank accounts (which in Argentina are issued by two credit card companies Visa and MasterCard) and would function just like a Visa or MasterCard debit card linked to an ARS bank account today. This story is clear as day in Spanish language media. Seems the...
  12. A

    Dollar card/Touist dollar

    Remains in effect indefinitely since 15 December 2022 for (Visa) cards issued outside Argentina.
  13. A

    Dollar card/Touist dollar

    It still exists. However, the official dollar is now 1000:1 while the MEP is 1134:1 - so any exchange rate benefit is now only 13% (less any fees and rates levied by your bank/ issuer). https://www.visa.com.ar/support/consumer/travel-support/tipo-de-cambio-english.html
  14. A

    70% of workers in Argentina earning under 550k pesos a month

    Taking a look at the vast slums that encircle big cities in Argentina over the past decades, I’d hazard a guess that many, especially in areas where opportunities are lacking or requiring low skills, are in a situation of vulnerability and are financially abused by their employers, not paying...
  15. A

    70% of workers in Argentina earning under 550k pesos a month

    These retail workers represent some of the lowest paid formal workers in Argentina (as in most places) providing a real world example of wages in Argentina today - not an abstract number. It’s also no secret that Argentina has a huge wealth gap, as do most all countries in Latin America. The...
  16. A

    President Milei Slows Inflation to 2021 Levels in Major Win for Argentine People

    I’m saying exactly what I said in my first post. No one, Milei included, ever promised an overnight solution to hyperinflation, and as long as the trajectory continues in a downward direction without leveling off at “normal country levels” it is too early to judge his performance on this front...
  17. A

    President Milei Slows Inflation to 2021 Levels in Major Win for Argentine People

    Neither, nor did I imply either was. My response was clear that going from three digits to two digits in two years is entirely in line with the other countries you cited.
  18. A

    President Milei Slows Inflation to 2021 Levels in Major Win for Argentine People

    In none of these cases cited inflation fell from three digits to one digit in a year or less. Israel's 1985 economic stabilisation plan brought inflation down form 450% to 20% in two years (in part achieved by replacing the national currency with a new one) With Poland's Balcerowicz plan...
  19. A

    70% of workers in Argentina earning under 550k pesos a month

    https://www.infobae.com/economia/2024/10/14/cual-es-el-salario-basico-de-un-empleado-de-comercio-en-octubre-2024/ Salaries for FAECYS unionized workers in frontline jobs such as retail, call-center and administration from October: Category A (Lowest) - ARS 825.911 + benefits & bonuses This...
  20. A

    Milei Wants Argentines to Dollarize the Economy for Him

    There is also bienes personales, a personal property tax that is applicable on top of municipal real estate tax like ABL. This tax is levied on your total assets and equities including real estate, cars, shares, household furniture, cash ...everything you own. Although the thresholds to have the...
Back
Top