As far as I can remember, there was a dollar blue when I came here in 2015, and I remember the cuevas from that time. I'm sure they were here well before I arrived. However, I recall that back then the difference between the official rate and the blue rate was 5 points, which represented a 50% difference..
I, too remember, when first visiting Argentina in 2011, my host took me to a "cueva" where I changed $100 US for, as I recall, 600 pesos when the official rate was maybe 500. I kept looking around waiting to get busted by the gestapo as my host said "don't say a word".
Macri lifted the cepo when he took office, Dec. 10, 2015. There was still a blue (for dirty money), but there was less than a 1% difference compared to the official.
Could you please make up your mind: lifted or reinstated?
I'm sorry that you have trouble reading. I'll explain it to you a bit more simply.
Yes, I am referring to approximately 12 months before that, and no, the gap was never as small as 1%. The gap might have shrunk to a difference of 1 or 2 points by 2016. The Dollar Blue was at 15 when Macri took office, and when he left, four years later, it was above 70, I think closer to 80.
lol
When the cepo was lifted, there was effectively no dollar blue. It barely traded and was within 1% of the official. When the cepo was reinstated, the blue returned. I'm sorry that you don't understand that, but those are the facts.
Why else would would you deal in back alleyways with people you don't know for a difference of 1%?
