Macri Our Saviour One And Only One Dollar...?

[ElQueso]

That 8% difference is enough to want to still bring dollars in by cueva or other means instead of going to the ATM, at least for me. Particularly because when there was no cepo and currency rates were so close between black market and official price, I was paying between 1% and 2% (for example) to get large chunks of cash down here via cueva. An 8% loss can be a lot of money, particularly when you add transaction fees. My bank has low ATM fees - though I don't have a Schwab account - and it's worth it to use the ATM when the price difference is around 3-4% maybe, but 8% not so much.

Still, it is a much better deal than currently available. I could see bringing down the bulk of my monthly expenses via cueva and returning to taking cash out of the ATMs at times for smaller, one-off things.

Either way, bring the inflation down to single digits and stabilize things economically and with imports/exports and we all benefit - Argentinos and expats alike. If things work according to Macri's plan.

 

[AmigoArtistico]

That 8% difference is enough to want to still bring dollars in by cueva or other means instead of going to the ATM, at least for me. Particularly because when there was no cepo and currency rates were so close between black market and official price, I was paying between 1% and 2% (for example) to get large chunks of cash down here via cueva. An 8% loss can be a lot of money, particularly when you add transaction fees. My bank has low ATM fees - though I don't have a Schwab account - and it's worth it to use the ATM when the price difference is around 3-4% maybe, but 8% not so much.

Still, it is a much better deal than currently available. I could see bringing down the bulk of my monthly expenses via cueva and returning to taking cash out of the ATMs at times for smaller, one-off things.

Either way, bring the inflation down to single digits and stabilize things economically and with imports/exports and we all benefit - Argentinos and expats alike. If things work according to Macri's plan.

You'll be able to take dollars out of the ATM, and sell them at the "blue" rate. (At least you could take dollars out of the ATM before the cepo; who knows what you'll be able to do now.)

 

[scotttswan]

1 rate would be great but it should probably be around 18.

Around what Banco de la Nacion Argentina currently value it at.

http://www.bna.com.uy/

 

[Gringoboy]

Either way, bring the inflation down to single digits and stabilize things economically and with imports/exports and we all benefit - Argentinos and expats alike. If things work according to Macri's plan.

To all intents and purposes I am an Argentino. I feel like one of the many anyway since I don't have access to chunks of USD lol.

 

[Rich One]

You'll be able to take dollars out of the ATM, and sell them at the "blue" rate. (At least you could take dollars out of the ATM before the cepo; who knows what you'll be able to do now.)

No Way Never...if the exchange rate is set at 14 there will be all sort of limitations , AFIP , amounts, etc , like with the dollar ahorro , etc Otherwise the Central Bank would be empty in a couple of weeks.

 

[AmigoArtistico]

No Way Never...if the exchange rate is set at 14 there will be all sort of limitations , AFIP , amounts, etc , like with the dollar ahorro , etc Otherwise the Central Bank would be empty in a couple of weeks.

So you think it's just the cepo at a higher price?

 

[nicoenarg]

From many of the speeches and interviews given by Macri, he is not talking about artificially setting the rate at 14 but that the dollar demand is going to be such that the rate may settle around 14. He has been talking about getting more people to trust the peso and making conditions that people save in pesos rather than run to the dollar. Another thing is attracting FDI. That should bring in more dollars and help the rate go down that way with more supply.

These are all his "plans". Nothing about this is concrete and obviously it remains to be seen if he can even implement any of what he plans and in case he can, if what he thinks will happen, will really happen.

 

[Rich One]

From many of the speeches and interviews given by Macri, he is not talking about artificially setting the rate at 14 but that the dollar demand is going to be such that the rate may settle around 14. He has been talking about getting more people to trust the peso and making conditions that people save in pesos rather than run to the dollar. Another thing is attracting FDI. That should bring in more dollars and help the rate go down that way with more supply.

These are all his "plans". Nothing about this is concrete and obviously it remains to be seen if he can even implement any of what he plans and in case he can, if what he thinks will happen, will really happen.

Macri's economic advisor Prat-Gay mentioned the number $14 for a target value, all just speculation who can tell ?
Scioli assures it will be under $10 , Whom do you believe....?

 

[scotttswan]

Macri's economic advisor Prat-Gay mentioned the number $14 for a target value, all just speculation who can tell ?
Scioli assures it will be under $10 , Whom do you believe....?

[background=rgb(252, 252, 252)]Banco de la Nacion Argentina[/background]

 

[Rich One]

The results of the Kiciloff performance...

http://www.infobae.com/2015/11/11/1768717-10-13-economistas-desaprobaron-la-gestion-dos-anos-axel-kicillof