The Argentine Peso

[Caribbean Cool]

Guess what? These days I am in a HURRY to get my dollars INTO pesos. Isn't that UPSIDE DOWN!

And I hope that I am wrong.

 

[BA Bike Guy]

Right here with you CCool.... I've been doing very well with the interest rates ~25% to ~35% in MPago and other investments thru Galicia. You can only get these rates in pesos, because the banks and gov want your dollars. The interest is insane, and I've been around BsAs for decades, so I know to check on the accounts 1x-2x per day. Dale!

 

[Caribbean Cool]

Right here with you CCool.... I've been doing very well with the interest rates ~25% to ~35% in MPago and other investments thru Galicia. You can only get these rates in pesos, because the banks and gov want your dollars. The interest is insane, and I've been around BsAs for decades, so I know to check on the accounts 1x-2x per day. Dale!

Thank you Sr. bike. I good idea...no...a great idea! And may I ask...which bank do you use?

 

[BA Bike Guy]

Galicia. I will also open a Santander account, just to be a little diverse and get different ofertas... I never like having all funds in one bank here- had a problem where a bank (Citibank) deleted an account, while I was away no less. I got it back, but not without proving it with saved pdfs of statements and correspondence. So, added advice, save all that on your computer.

 

[NoSoyDeAqui]

beware...the usd is cheap, and flat
is a musical chairs game, where music stoping = devaluation
whatever you do make sure is very liquid

 

[Caribbean Cool]

beware...the usd is cheap, and flat
is a musical chairs game, where music stoping = devaluation
whatever you do make sure is very liquid

No soy must have studied under Buffet

 

[NoSoyDeAqui]

No soy must have studied under Buffet

did not have that luck but, yeah, I am very conservative