De-Dollarization Affecting Expats and Nomads

[TejanoExpat]

I've been reading a lot about this the last couple of months It means other countries are no longer using US dollars to trade with each other, for example China and Russia and using Yuan and Ruble, etc. Even Saudi Arabia is trading with China in their respective currencies.

I just read this about Argentina:

Argentina Abandons USDollar In China Trade As Local Bitcoin Reaches Record High | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

FYI, I'm planning a long trip to Mexico and I just discovered that the USD lost 11% of its value against the Mexican Peso (MXN) in the last year. And inflation in Mexico was about 8% in the last year, so prices will be 19% higher:
https://tradingeconomics.com/mexico/inflation-cpi

AND unlike ARG I'll have to pay the 19.5% IVA tax on everything (hotels, Airbnb, etc., although the IVA is lower on fresh fruits and vegetables).

So, y'all enjoy the Dolar Blue/Azul in ARG as long as it lasts!

 

[Big Swifty]

Maybe not much of a silver lining, but at least when it comes to eating out at restaurants you'll have a "picante" option.

 

[earlyretirement]

Yeah it's been brutal in Mexico. The exchange rate has shifted the other way. I own several rental properties in Mexico and it's always been great the past several years as I charged in US dollars and paid expenses in pesos but shifted the other way so things have gotten expensive with the Mexican peso so high.

 

[jantango]

 

[Jteee]

One thing I can’t agree with in the first few minutes is that the war in Ukraine was a provoking of the bear by NATO, and I say that having spent a reasonable amount of time in both Russia and Belarus

 

[dsp27]

oh boy

 

[Rich One]

Some less informed Argentines believe that the Dollarization will work as follows, they will receive a dollar for every peso...! Other economists have mentioned conversion figures like 800 pesos will buy one dollar..!

 

[Reply Guy]

This guy is pushing fear and trying to pump a sh*t penny stock.

Hard pass.