But it's not; they didn't address Milei's indirect point: Plaza Fijos/Interest Rates are negative. If Inflation is 125% a year, and Plaza Fijos pay on average 118%, you're losing 7%. You're better buying pallets of non-perishable food or, better yet, dollars. This is what Massa and nobody seems to understand, if you're part of the shrinking minority of Argentines who have money to invest after all the monthly bills, why would you invest in pesos when you're paying the bank 7% to take your money? If you want to decrease demand for dollars, ensure a positive interest rate in pesos, it's not rocket science.
It's called sarcasm. When the central bank says not to panic, everything is fine; it's time to panic.
As time goes bigh...
wu hasn't updated their rate in days and it's now about 15% under blue, plus the fees. i figured out how to sell bitcoin on telegram and have the amount deposited directly to my peso bank account at blue, but my account has some kind of monthly transaction limit and I don't know if that limit has gone up with inflation or if it's still 200k/month like when I opened it. i'd sure hate to leave money in the bank.
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