Cristina Licks Inflation: Blue Stuck At 10 For A Year!

[ajoknoblauch]

Good news for Resident travelers can purchase blue dollars at a cueva cheaper than the dollar tarjeta rate...!! Travel with cash dollars!

Another Excellent piece of news from AFIP travelling to Malvinas is not subject to the 35 % tax as well as tarjeta purchases, since Malvinas is ARGENTINA. Start packing.

I am guessing that is only for flights beginning in Río Gallegos (one Saturday per month). If the flights originates in Santiago or Punta Arenas, I expect that's another issue entirely. If it starts at Ezeiza via Santiago and Punta Arenas, I expect you might have a nice argument with AFIP.

 

[sesamosinsal]

The only reason the dollar's not higher now is because of the glut of dollars the government forced on the markets from the banks. It'll go up.

It's certainly a supply-side factor. There are demand factors as well. In January, interest rates were increased to levels not seen since 2002, and it seems that the monetary base, as well as money in public circulation, have reversed their upward trends... We'll see if it lasts, but in the short term this will only suppress demand.

 

[HeyHeyJose]

I talked to "my guy" few days ago about the price of the blue dollar. He said the demand for US dollars is set to decrease during the following 2 months and with it its price.

His explanation is that during summer vacations people demand more USD and hence the price goes up. With Argentinian summer over and kids back in school the traveling is set to decrease and with it the demand. It will pick up again in winter though.

Soon we will know how good this prediction is.

 

[khairyexpat]

I talked to "my guy" few days ago about the price of the blue dollar. He said the demand for US dollars is set to decrease during the following 2 months and with it its price.

His explanation is that during summer vacations people demand more USD and hence the price goes up. With Argentinian summer over and kids back in school the traveling is set to decrease and with it the demand. It will pick up again in winter though.

Soon we will know how good this prediction is.

It's understood that summer vacation travelers can influence the price of Dolar Blue.

But it is only to a limited degree, ... can't be more than 5% or 10% (if that).

Dolar Blue value is decided by the free markets around the world evaluation of Argentine economy as a whole. Risks vs. Rewards. If Argentina discovered petrol in Baca Muerte or a Gold mine tomorrow, that Peso will shoot up, ( sky is the limit ... depending how much they find). If Argentine economic policies are PERCEIVED to have changed in favor of investors, .. same ..ARS is up, ... etc, .... etc ...

Millions of factors at work, .....

 

[Rich One]

I am guessing that is only for flights beginning in Río Gallegos (one Saturday per month). If the flights originates in Santiago or Punta Arenas, I expect that's another issue entirely. If it starts at Ezeiza via Santiago and Punta Arenas, I expect you might have a nice argument with AFIP.

You go figure it out...? Why would an Argentina resident fly to Malvinas via Santiago . A ticket purchased abroad always pays the 35 % tax. Your guessing is correct!! A BA/Rio Gallegos/ Malvinas RT ticket doesn't pay the 35 % tax.

 

[ajoknoblauch]

You go figure it out...? Why would an Argentina resident fly to Malvinas via Santiago . A ticket purchased abroad always pays the 35 % tax. Your guessing is correct!! A BA/Rio Gallegos/ Malvinas RT ticket doesn't pay the 35 % tax.

Because LAN is the airline, and the flight starts in Santiago. I dunno if LAN flies to Gallegos or not, but that would require changing planes. Again, the flight from Gallegos is just once a month, while from Santiago and Punta Arenas it's every week. If the ticket is purchased in Bs As, could it use that route without paying the tax? Ambiguous, to say the least.

Also, any credit card purchase in the Islands will require foreign currency exchange, whether AFIP likes it or not.

 

[Rich One]

A BA/Santiago/Malvinas RT is an international flight and pays the 35 % tax, IMMO

 

[ajoknoblauch]

A BA/Santiago/Malvinas RT is an international flight and pays the 35 % tax, IMMO

In theory, you would book it in Argentina and end it there, with just that minor detour.

 

[Joe]

It was years ago that the "When will the Peso Hit 10?" poll was conducted and it is a stones throw away from that today. Is it time to admit that Matias was right and that CFK is an economic genius in the same class as Krugman or even the great Keynes himself.

The president of Banco Piano, Alfredo Piano, said that the “blue” dollar rate will “fall further” and that it should be of 10 pesos.

http://www.buenosair...-reach-10-pesos

 

[Matiasba]

It was years ago that the "When will the Peso Hit 10?" poll was conducted and it is a stones throw away from that today. Is it time to admit that Matias was right and that CFK is an economic genius in the same class as Krugman or even the great Keynes himself.



http://www.buenosair...-reach-10-pesos

I never said the dollar blue would be stagnant, I always was careful with that, even in this thread you can read me. I see the dollar demand and the people who manage the dollar price -the US embassy- a lot more powerful than Cristina. I hope not, I have faith in Cristina and her team, though, despite inflation (which is her fault but we must consider historical reasons to explain it) economy is doing great, we have a lot of consumption, lots of formerly poor families reached its first tv, or moto, or car (1 million cars per year almost, a very few countries in the world can achieve that).

Edit: although there were lots of people who predicted (with intention, of course, economy works with expectations) 20 pesos per dollar.