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When hell freezes over. Argentine business owners know the reality of Argentina - what’s here today is gone tomorrow. Unless/ until the country enjoys 3 or more successive political terms with a good degree of stability throughout, for many of them the trust in the country and society itself...

“Atraso cambiario” - it hurt every Argentine sector and business that has anything to do with doing business or buying, selling components, goods and services across borders and ultimately consumers. You get paid in official dollars yet much of your costs, including paritarias in many unions...

If I am not mistaken they still use a dirty float in Peru after it emerged from a hyper and IMF stabilization plan in the 90s. As a result it continues to be the most stable currency in latin america over the decades. Many other countries like Israel, Indonesia, Turkey and Iceland too still use...

I tend to agree. On the whole, there is need and an incentive for both natural persons and businesses to have both pesos and dollars… after all there is the age-old logic that in order to make money one first needs to spend money, so I wouldn’t expect a run on the banks just yet even if some...

Just like in the CEPO-free Macri days, the Blue (and Cuevas) were still and will continue to be a thing, albeit with the Blue trading slightly below the official. Dirty tax evaders will still need to launder their dirty money… ;)

1. You can only exchange pesos in physical cash for up to US$100. If you deposit your pesos into your bank account you can then buy unlimited amount of dollars from the bank electronically and then you can withdraw the desired amount of USD banknotes from the bank as normal. This is presumably...

Just received the following mail from a bank explaining what customers can do with a local bank account from Monday: (Any issues with Castellano, Google Translate is your friend) Also interesting to note an announcement from last week, that the autoservicio terminals of Galicia will start...

https://www.infobae.com/economia/2025/04/11/el-banco-central-anuncio-el-nuevo-plan-economico-levantaron-el-cepo-cambiario-y-el-dolar-flotara-entre-1000-y-1400/ The government/ BCRA have announced that they will now imminently remove the CEPO (capital control affecting exchange rates and free...

If your housing costs are zero as in my example, living at home with parents or in free accomodation (e.g. apartment inherited from grandma), then a $2 Starbucks latte with $500 or a $5 Starbucks latte with $1100 is rather moot. And while $500 or $1100 might buy a Starbucks, it will never afford...

The purchasing power of what exactly, and at what moment? Wages vs. a limited basket of nationally produced and heavily subsidised or price controlled goods and services? Wages vs. imported or unsubsidised things like buying a house, car, foreign travel or clothes? Start of the month when wages...

Please re-read the first comments. We seem to live in an age where objectivity no longer has a place in political discussions. Instead of receiving news with objective or intelligent critiques, they are cast off immediately as being non-sensical or lies just because of "who" may be taking...

Some expats are just pissed off that their dollars buy less than before and they have lost a lifestyle privilege that they enjoyed here (yet couldn't hope to enjoy in their home countries...) thanks to artificially "low" prices for those with dollars. The same expats, with a few exceptions...

Poverty is Argentina is now considered to be at 38,1%. For comparison during the most part of the first two terms of CFK poverty in Argentina sat in a range between 30-40%, while under Macri it decreased to its lowest point since 2000 at 25,7% for a short period of time before reaching 41,7% at...

Also remember that in most cases there is a "tope" to the 30% discount (e.g. AR$30.000 per month, per card) meaning the discount applied across the consumers total monthly spend is often far less than the headline that gets them in the door, and when placing further limits on it like a certain...

The government announced they will now declassify all documents relating to this era, something which no Argentine government to date has done. Seems this act has caused discomfort in some sectors who seek to politicize memory of the victims of atrocities and violence committed during this era...

Try a “cafe de especialidad” (search on google maps for some options) as you will surely find some very good cafecitos in this city these days! Avoid chains like Havana/ Pain Quotidian etc.

It is a double shot espresso espresso with hot milk, but less foam than a latte or cappucino, in a smallish sized cup for those that want to taste the actual coffee more than the milk but enjoy a more creamy texture. Any café like Starbucks that asks if you want a small, medium or large flat...

And by that logic the government or tax-paying vigilantes should literally go and burn down the cars or houses of those who partook/ partake in the torching of public property so that before you know it things spiral into an senseless cycle of violence with increasingly abstract definitions of...

And of the people literally turning a police car on its side and setting it alight, how many were pensioners or old people? Having seen the raw footage, not a single one. The most disgusting thing is that they drag the most vulnerable down with them and put them in harms way (when pensioners...

My daily coffee at any of my three locals are all going for around 5000 (USD 4,04) - but an excellent flat white out of a La Marzocco or similar in truly lovely and always full surroundings that certainly were not "cheap" investments. Am not going to complain about that price having enjoyed...