Goodbye To The Cepo

[mariano-BCN]

So finally we'll be released of the cepo by 11th December! I wonder if indeed we'll we able to buy dollars at the bank while there are no dollars at the Central Bank, how's Macri supposed to do that?
And for what price? I'm afraid while leaving the blue we'll get less pesos for our euros and dollars :-( So Argentina won't be then cheaper but in stead just more expensive if your income is in euros or dollars.
Or am I wrong?

 

[EJLarson]

So Argentina won't be then cheaper but in stead just more expensive if your income is in euros or dollars.
Or am I wrong?

Been wondering about that too. Being a part-timer with assets in dollars it may become more expensive for folks like me, but I consider that a small price to pay for some economic sanity and - who knows? - maybe even some growth. I'll pay for that!

 

[Gringoboy]

Not to mention being able to receive stuff by post or courier from abroad without a Spanish inquisition, if indeed that area is covered by the lifting of restrictions.

 

[thorsten]

I seriously doubt that all restrictions will be gone completely on Dec 11...

 

[EJLarson]

I seriously doubt that all restrictions will be gone completely on Dec 11...

Yeah, that seems totally unrealistic. Especially with no dollar reserves to sell. Probably it will be a phased thing.

My comment was more of the "when the cepo is finally lifted" kind.

 

[wineguy999]

Not to mention being able to receive stuff by post or courier from abroad without a Spanish inquisition, if indeed that area is covered by the lifting of restrictions.

Hellloooooo! There are no restrictions, except for criminals like youuuuu.

 

[Ceviche]

Hellloooooo!

When some onesays "helllooooo" like that, it implies, he is calling you a "duh"!

 

[EJLarson]

Hellloooooo! There are no restrictions, except for criminals like youuuuu.

Are you missing a "jajajajajajaja?" I think I have a spare one if you need it.

 

[wineguy999]

When some onesays "helllooooo" like that, it implies, he is calling you a "duh"!

I think you must have missed a thread. Gringoboy understands perfectly what I said - and what I mean.

 

[Rich One]

its naive to believe that Dec. !! you will be able to buy unlimited amounts of US dollars with no questions asked or on your passport...or with no ID-