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I was here when it devalued in 2018 and all throughout the pandemic. Inflation rapidly picks up, but often outpaced by devaluation. Things get cheap and stay cheap. I feel this year it had a big impact on tourism. At Xmas 2019, just after the “Macrisis” (where the pesos went from $28 pesos...

For what it’s worth, given the subject line of this thread, here are the prices from a very nice cafe in Pocitos in Montevideo that I went to today. $100 UYU is approx $2800 ARS (dollar at $1220). The prices, overall, aren’t too dissimilar in Uruguay as they are in Argentina right now...

It’s a combination of the exchange rate and the culture of capitalism not working. I’m in Uruguay right now and amazingly Argentine products are 20-30% cheaper here. It’s no coincidence that some Argentina press this week reported that FMI had requested a 30% devaluation as part of the...

Sadly, I think deflation in USD is just so unlikely because of the culture here. I cannot imagine a property owner or small businesses lowering their prices. In Argentina, it just won’t happen. It’s as much about society as it is the politics. The greed and lack of astuteness for competitive...

As far as I understand it, there's no implications for them. It's as if there were paying someone off of Upwork. Fiverr etc - they just pay your invoice like any other.

I also arrived at that time with the dollar at $15 pesos. It’s very similar now I feel. And of course, the government were doing the same then as now. In fact it was Caputo and Sturzenegger in government. Fast forward to mid-2018 it all blew up in their face.

Have you seen the whole season? Which episode do they finally devalue the peso? 😂

I’m self-employed so what I earn is unstable but I do ok by UK standards and could live comfortably there, so I am also not too pinched here—for now. Yes I have cutback and the uncertainty is killing me. The prices of everything keep going up, except the exchange rate. What most angers me is...

The situation is so utterly ridiculous right now. How was the inflation rate only 2.2% in February? How do prices keep going up when the dollar stays the same? I was expecting a correction of prices, but this is utterly ridiculous. We have our annual winter exodus to Colombia booked and are...

yep and the BCRA spent a lot today to contain the rate https://www.lanacion.com.ar/economia/dolar-el-banco-central-debio-vender-reservas-e-intensificar-sus-esfuerzos-para-controlar-a-los-nid17022025/

I don’t think Milei was involved personally, just a massive papelon and likely an insider linked to the money told him to post it. Possibly with the opposition involved as a plot. Things will unravel for Milei. The Davos speech was another papelon just not to long ago, the constant talk about...

I felt the same the other night walking the dog around Palermo. Warm Wednesday night in February, usually everywhere would be quite busy. But not. Everywhere was empty.

The exchange rate definitely isn’t lagging behind though, hence they were able to lift the cepo. Oh wait.

I’m a Londoner and left for BA in 2017. In my 8 years here, I have never not missed how EASY it is to eat varied food that’s healthy. And yes, I can imagine that most “physical products” are way cheaper there now. Not services. Rent, transport etc are ridic in London. Anyway, Argentina with...

Yep. Milei has lost it this week.

Every bit of economic coverage in the press right now talks about the overvalued pesos, not just the local media but the international too. And the only ones denying the exchange rate are those in the government 🙄.

File for "pronto despacho" or something like that, if you've been waiting a long time you can send a formal letter in and sometimes that works

Yeah this is part of the problem in Argentina, consumers don’t boicot and they pay the absurd prices. Part of the problem is society. It’s not just the politics.

We paid 32k pesos in YPF for 5 empanadas and 3 gaseosas a month ago on the way to Cordoba.