Is It Time To Close The Blue Market?

[dennisr]

Close the Blue $$$
Hmm, funny! Kind of like the "War on Drugs." If we could just stop the suppliers our junkie problems would evaporate. And we all know how successful that campaign is going.

 

[French jurist]

No need to close them, since the peso will spike soon, the dollar will be bearish and the Blue dollar will disappear... all due to the oil production Nacional y Popular that will bring a flow of greenbacks here.

The expats making an income in dollars will exchange roles with the expats making one in pesos actually.

It's time to sell your dollars!

 

[ajoknoblauch]

No need to close them, since the peso will spike soon, the dollar will be bearish and the Blue dollar will disappear... all due to the oil production Nacional y Popular that will bring a flow of greenbacks here.

The expats making an income in dollars will exchange roles with the expats making one in pesos actually.

It's time to sell your dollars!

Yeah, I just sold 700 dollars to my Neuquén hosts who plan to travel overseas soon.

 

[dennisr]

No need to close them, since the peso will spike soon, the dollar will be bearish and the Blue dollar will disappear... all due to the oil production Nacional y Popular that will bring a flow of greenbacks here.

The expats making an income in dollars will exchange roles with the expats making one in pesos actually.

It's time to sell your dollars!

ha ha ha, then we have Venezuela with the World's largest oil reserves... Speaking of oil, Total (French Oil corp) sucking up to the Brits for some shale exploration? About like Chevron with YPF?

 

[khairyexpat]

deleted

 

[ARbound]

Dolar blue doesn't exist, Inflation doesn't exist, infighting in the FpV/PJ doesn't exist, devaluing doesn't exist, Argentina doesn't exist...wait, what?

 

[lucha54]

Participating in the Blue Market is like taking a milk bottle away from a baby. Let me explain:

When you go to the Arbolito, these dollars are going from a Rich Ex-Pat to a Rich Argentinian looking to vacation in Miami or London. If the money went through the legal bank system, then the funds could be used to buy infant formula for malnourished babies in the villas.

Vote Yes and Vote for the Poor Babies and not for the Rich Ones!

What planet are you from? The rich Argentinian vacationing is the guy making the $$ off of speculation, or the politician making the rule, or the chief of whatever who give the police instructions! you can't just oversimplify it like that. The money would certainly not go to helping the villas! At least not before a large chunk (i.e. the majority) of it were used to line some rich guys pocket first.

 

[wongjoh]

Hmmm. Strange proposal.

Let's suppose that it is possible to close the blue market (which is a big assumption). So, now all expats only sell their dollars to govt agencies and get the official rate. What about the buying of dollars? If it's not freely done at the official rate, then where will people go to buy them? So you now have an unstable economic situation (which is probably how things developed in the first place to create today's market for the blue)

The only, self-enforcing way to get rid of the blue is to enable the free, legal purchase of dollars at the official rate. The only way that can happen is if you enable the official to be dictated by the market to stabilize supply and demand for foreign currencies. This is just ECON 101! Now, how to stabilize currency supply and demand without affecting imports/exports and avoid shock effects, that is ECON 601! I'd be surprised if any of us in this forum knows how to take care of that larger problem

 

[Joe]

Hmmm. Strange proposal.

Let's suppose that it is possible to close the blue market (which is a big assumption). So, now all expats only sell their dollars to govt agencies and get the official rate. What about the buying of dollars? If it's not freely done at the official rate, then where will people go to buy them? So you now have an unstable economic situation (which is probably how things developed in the first place to create today's market for the blue)

There's already a mechanism to buy dollars at the official rate. With people converting their foreign currency at official banks there would be less of a shortage of dollars to provide to travelers. Piece of cake.

As far as closing the Blue Market, give me a badge, a pair of jack boots and AFIP's finest SWAT team and the cries of "Cambio, Cambio" would be a distant memory.

 

[GS_Dirtboy]

Time to respect the law!!! Close the Arbolitos and Xoom!

Vote Yes

Joe, Joe, Joe. Econ 101 man. You cannot push water up a hill and you cannot outlaw demand. Sorry, but your proposal uses the same level of thinking that got us into this mess;

Q. What should we do about Dollars being sent out of the country?
A. Easy. We just tell them they can't buy Dollars anymore

Q. Ok, but what about that guy Etchegary who just went to Brasil with a bunch of Dollars?
A. OBVIOUSLY that doesn't apply to him! Duh!

Q. Oh, sorry. Um ... what should we do about the high inflation rate?
A. Uh ... we'll just make up our own numbers!

Q. Ok. Then what should we do about the prices of goods that demonstrate the real inflation rate?
A. Ah ... er ... um... Got it! We'll tell the supermarkets and the suppliers to freeze prices!

Q. Hmmmm... OK. What happens if the cost-to-market price of a particular food is higher than the price freeze?
A.. Oh, that's easy. We'll just import more of that food!

Q. Yea, but we've already blocked most of the imports.
A. Dag! Will you stop asking questions!