Blue Dollar at 341/345

[sts7049]

Poor Massa the Messenger of God the Savior, gone to Pot.

it's still someone else's fault

 

[antipodean]

Updated 21 March 2023 10:26am

El dólar blue despega fuerte: la cotización crítica que pronosticó este experto y que hace temblar a la City

Salvador Di Stefano vaticinó un devastador escenario para la economía en 2023 y dio una tajante advertencia para los que invierten en plazo fijo.

www.cronista.com

The guru of the City and financial analyst Salvador Di Stefano anticipated a record quotation for the dollar Blue: "By the end of the month it should be around $420 or $440", he predicted. On the other hand, the expert in business analysis warned about the "growing pace" projected in the monetary issue.

How much will inflation be in March 2023? A few days ago, it was known that the Consumer Price Index (CPI) climbed to 6.6% in February. "We do not see any possibility of inflation returning below 100% annually", anticipated Di Stefano. In this line, he predicted that inflation in March 2023 will be "around 7.5% or 8%"....

The EUR is already going for $430+ CCL/ Dolar Cable/ WU.
The Dolar Turista is already at $424 (and as always, the highest rate always set the bar for the others to catch up to quickly thereafter).

By JUN we could easily be at $500 as a "minor" shift nowadays, as any with any hyper, isn't $1 or $2 pesos, it's $10 or $20 (US$0.02-US$0.04) and soon enough, $100 or $200 followed by $1000 or $2000 and so on... A $10.000 note (US$20) can't come soon enough, but we can be sure that by the time it does arrive it will only be worth US$10... or less.

Poor Massa the Messenger of God the Savior, gone to Pot.

Is there anyone actually left yet who is gas-lit enough by the whole "inflation is in yer head" speech of the government to buy into the rosy outlook of growth and recovery he is focused on packaging and selling to his masses to overlook the obvious?

 

[Agribotics]

Is there anyone actually left yet who is gas-lit enough by the whole "inflation is in yer head" speech of the government to buy into the rosy outlook of growth and recovery he is focused on packaging and selling to his masses to overlook the obvious?

Just need to work faster, that's all.

 

[Ronnie Hotdogs]

Wait until the effects of a poor harvest hit.

 

[Reply Guy]

Dollar Blue over $700 by August?

 

[Redpossum]

I could almost feel sorry for Massa, but he's too much of a clown. No, I take that back, calling him a clown is an insult to clowns.
His ego, his personal ambition, his utter vanity, are his Achilles' Heel. They wave that carrot under his nose, and he can't resist going for it.

Look what they did to him. He got to be the man of the hour for what, 6 weeks? And now he's the scapegoat, the chivo expiatorio, the one everybody will blame, and Cristina is laughing her ass off. Again.

Poor Sergio, the chihuahua who wants so desperately to be a big, fierce German Shepherd.

Imagine what it must be like to be his wife. On second, thought, after reading her bio, they deserve each other. And they trust her to run the water and sewer department?!? One shudders to think.

 

[Rich One]

Dollar Blue over $700 by August?

650 likely, 700 a bit high. According to my crystal ball.

 

[gracielle]

... A $10.000 note (US$20) can't come soon enough, but we can be sure that by the time it does arrive it will only be worth US$10... or less....

Automatic Google Translation of entire article:
17 January 2023

Hay riesgos de que el nuevo billete de $10.000 comience devaluado: cuál sería su verdadero poder de compra

El Gobierno estudia la emisión de nuevos billetes de máxima denominación, ante la pérdida de valor del de $1.000 frente a la elevada inf

www-elcomercial-com-ar.translate.goog

Inflation. There are risks that the new $10,000 bill starts undervalued: what would its true purchasing power be?....The current legislative projects speak of the need to issue bills from $5,000 to $10,000 and even $20,000 pesos....Are they exaggerated or are these numbers consistent with the value of issues in the past?....

....Specifically, the legislator from Santa Fe had presented in February of last year, together with his peers Luciano Laspina and Ricardo López Murphy, a Draft Resolution in which he asked the Executive Power and the Central Bank to adopt the necessary measures to issue currency of $2,000, $5,000, $10,000 and $20,000 bills....Complaints from banks regarding the costs of moving huge amounts of paper have been finding more willing ears in recent weeks. According to industry sources, the entities' request focuses on the need to issue $5,000 and $10,000 bills. But not only that: also in the urgency of taking the lower denomination banknotes out of circulation. This is because, they explain, the logistical problem would continue even with new banknotes if issues that are no longer worth anything are not removed from the environment.

 

[toongeorges]

Will the BCRA issue some day a 1 million peso bill? If there are a couple of years more at the current rate of inflation that is completely plausible. Would the number of zeros on such a bill be a topic of political discussion?

 

[SanTelmoForever]

Will the BCRA issue some day a 1 million peso bill? If there are a couple of years more at the current rate of inflation that is completely plausible. Would the number of zeros on such a bill be a topic of political discussion?

1 million peso note from the early 80's
Half million australes note from the early 90's

The number of zeros on today's bills are a constant topic of political discussion, so I suppose you can imagine what the conversation would be around a new one million peso note (or even half a million).