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Thank you Gringoboy. To be honest, the policy shift took be by surprise. I do see however that dollar purchases seem to be fairly restricted, my understanding is that it is based on a percent of salary or something similar? I have been in class all day so haven't really been investigating it...

Yes I did. I noted that at the bottom. I said miraculously the trade deficit could improve. Although what exactly Argentina would be exporting is a mystery, aside perhaps from some wine and agricultural product. Also, I heard that Cristina left for Cuba today without explanation. Is this true...

A devaluation is good for a country that has many Exports. Argentina does not. It imports a tremendous amount of goods, especially (ironically) energy. As I said in this post : http://baexpats.org/topic/28906-whats-next-with-the-peso-devaluation/#entry240457 the devaluation has the potential to...

Where in Canada are you from AR? I grew up in Calgary (ughh) then lived in Montreal 9 years before leaving for Europe.

Thanks for your thoughts on the market. I'm currently using Azimo which is just so convenient. I am only here for a couple months, but up until now I had been limiting the transactions to small amounts, which proved very prudent. I'm really torn about how to go about it. Furthermore, to access...

This follows on from my comments here from last night : http://baexpats.org/...ws/page__st__90. As I said, then the Peso is headed Way down and fast! Though I hadn't anticipated it would be this fast. Currently the government has 29 billion dollars of foreign reserves. The government is...

Yes Bajo_cero, I'm very familiar with Argentina's outstanding debt (which trades on the market as zero-coupon perpetual bonds! haha), I'm familiar with the corralito, the recent Pari Passu saga, the withheld assets internationally, the issue finding dollars to retire the debt, etc. etc. But...

ARbound, I am from Canada too. Your story sounds rough, sorry to hear. I can't imagine what your motivations were to move here without foreign currency savings, but as my rant is about to explain, you did indeed make a big mistake. I don't mean to sound condescending but if you had more...

Weak property laws are highlighted by the expropriation of YPF which was owned by shareholders of Repsol, in other words owned by pension funds and other investors worldwide.

I am afraid you are completely misinterpreting that infographic by The Economist. It's simply stating the value of all the shares listed on the stockmarket of Brazil, for instance, are valued the same as all the shares of google. The value of the stockmarket is totally unrelated to the size of...

Funny, I would think the answer to this is obvious. Mercosur countries are particularly well known for their prowess in the electronics industry, so electronics must be imported from non-Mercosur countries. That results in a 35% import tax plus a 21% sales tax, which obviously needs to be passed...