View attachment 7454
It is interesting how the government / president stressed there would be no devaluation on his watch when in the last few weeks the official and solidario have been inching higher from 83 to 86.5 today and 135 to 142 (and climbing) Like always, they lie and then go about doing what they said they would not in the shadows when everyone is distracted by the more trivial affairs of state.
To me this squeezing the FX rates at both ends suggests that this momentary brecha is going to diminish soon enough, meanwhile many people like the importers of Día German beer, will hold off buying/ selling until the official gets to about 90+ to avoid selling below replacement value.
This means we expats may be in for a mini-shock as prices we have been accustomed to in recent months suddenly leap up without as much FX brecha to catch us. But at least many products such as this should be back in stock. And at least we still have some brecha to help us unlike the peso earners who will have a far worse shock.