Why Is Dollar Blue Trending Down?

[trennod]

Simple, there are no dollars to sell to people, where do they supouse to come from? Remember the country has a huge debt to pay.
People use dollars to buy real state, if they can use CEDINs plus if you can regulize this money, it might work out. That explains why the dollar is falling down.

Yet their are dollars to release on to the black market to try and push down the illegal rate, which could be used for legal dollar purchases.

If inflation was low, there would also be more dollars as there wouldnt be an incentive to save in dollars.

If the financial system (and economy, country) could be trusted (in line with lower inflation) there may be more money in savings deposits in banks, less money being shipped out to save in the exterior.

If money laundering wasnt practiced so freely by all the ks and their cronies, there would also be dollars (and euros) in the country.

 

[trennod]

Bajo, do you not hope for one day that Argentina grows up and is taken seriously. This is an honest & serious question. Or are you happy with the joke it is?

 

[sleazemerchant]

The purpose of the CEDIN is to reactive a real estate market and construction industry that are essentially frozen as a result of the "cepo cambiario" and thus lack of dollars to facilitate the buying and selling of real property. The logic supposes that Argentines will take their USD stashed abroad (or in safety deposit boxes within Argentina) earning near zero interest rates and invest them (via the CEDIN) in property and construction (which has historically been the one domestic investment Argentines trust). In exchange for pardoning tax evasion the government gets a zero interest liquidity injection and a boost in tax revenues via the reactivation of the real estate and construction industries.

 

[LostinBA]

For those of you receiving CEDINS for your properties!!! make sure you get the real thing...! will they be handwritten ?

What's the minimum to obtain a CEDIN? I'd buy THAT for a dollar....no, seriously, now that I'm only a few weeks from fleeing this idiocy for good, I'd like to have something in my wallet to show everyone at parties what a joke this country has become (aside from the whor- Evita denominated 100 peso note). p.s. men don't pay for "dances"...she was a prostitute. Stick that in your pipe and smoke it Bajo_cero (like she did). You wanker.

 

[AmigoArtistico]

It will be an expensive joke. Minimum US$100. (Although maybe you can pick one up in the secondary market in a few months for a couple of bucks.)

 

[Iznogud]

Haven't we done this already? I'm having premonitions of flashbacks!!

 

[LostinBA]

but according to Bajo, as long as it stays above 50 USD, everything's A OK Dynaaaamite! Because it was brought in tax free. Of course the moral aspect is immaterial. It doesn't matter if the money came from drug profits, child porn, sexual enslavement.....Hey man, you know, whatever works...

There's a cost to legitimate growth, a decent economy and corresponding currency. Neither this government nor this people is willing to pay the price. They want the shortcut and the shortcut they justify now is to admit as much dirty money into their economy as they can get. This country is doomed as long as these criminals and their brainwashed minions like bajo are in charge.

 

[LostinBA]

Haven't we done this already? I'm having premonitions of flashbacks!!

Of?

 

[GS_Dirtboy]

... and the feeding begins.

 

[LostinBA]

... and the feeding begins.

Although I do like skiiing and especially back-country telemarking, I have no idea what your point is.