Blue rate 8.2 at cervino and scalabrini ortiz
Wow, I was hoping to get 7.9 and got 8.2. Definitely is a reaction to the increased tax of 20% on locals using credit cards outside Argentina. Scramble (panic?) to buy USD.
At this rate will be 9 in a few weeks and 10 by June.
I probably should have waited to change dollars, but it seemed too good to be true so I changed 2 k.
At 8, BsAs is as cheap as it was 2 years ago. At 9 or 10 it will be like 2006.
It will be a great opportunity to buy an apt within the next year. Dollars will rule. Fantastic deal to buy a nice apt in Palermo for 100 to 150 K in one of the great cities of the world. Thank you Kretina!
Blue Dollar Will Be Set at 6.00 on Monday
[QUOTE=Aqualung;432651]As I predicted, the Dollar dropped a little to 8,42/8,48 to close the week after hitting a record high of 8,70/8,75 earlier this week. The method the government used to make the Dollar come down can only keep it like this for a very short time. They are desperate not to devalue the peso till after the elections later this year and are using all the resources they can. I wouldn't be surprised if it didn't reach 9 later next week or the week after.[/QUOTE]Moreno asked that the Blue Rate be set at 8.45 and nobody listened to him so on Monday the rate will be set at 6.00 by force and the illegal cuevas will be closed down!
This is front page news in todays Clarin. What should we do? Run to the exchange house of choice on Sunday and sell as many dollars as you think you will need?
That means Lavalle and Florida as some of the others will be closed.
Any thoughts?
TL.
Maybe someone can pull-up the article.
Uhh not quite TL, but could be a preview of what will happen
Here's the article: [URL]http://www.clarin.com/politica/Moreno-pretende-bajarle-ahora-quiere_0_887911326.html[/URL].
In brief it says Moreno demanded the blue rate be lowered to 6 'within 1 week', and how ridiculous it is for him to expect that to happen.
It says he could indeed close all the cuevas, but that would probably take some time.
No one will sell dollars at 6 when they know there is demand at 9.
This could get interesting. If they do close the cuevas the market will just move to private offices and houses. I already sell dollars to friends here, and I could start up a business if they shut down the cuevas.
Go for it Moreno!