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No Way
Thanks Gondolf50, Hot Rod11, Tre3 and TJ for the information (and get a freekin' life Bad Man).
Indeed I have read the most current posts 'bout the blue rate, peso paying atm's, argie fricken banks, (don't you like how they are screwing Citibank) and paying for anything up front. Honest fellers, I didn't just fall off a hay wagon. If you can find me a post about WU paying US Dollars,I missed it Anyhow it costs the sender US$86 per thousand to send by WU. That's like losing 3 hours with a 5 and 15 minutes with a 10. I don't know whether there's any charges at the receiving end of WU and don't really give a shit because it's too much of a discount. Soo, I guess I'll mule the dough in.
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[QUOTE=BobbyDoerr;444606]Thanks Gondolf50, Hot Rod11, Tre3 and TJ for the information (and get a freekin' life Bad Man).
Indeed I have read the most current posts 'bout the blue rate, peso paying atm's, argie fricken banks, (don't you like how they are screwing Citibank) and paying for anything up front. Honest fellers, I didn't just fall off a hay wagon. If you can find me a post about WU paying US Dollars,I missed it Anyhow it costs the sender US$86 per thousand to send by WU. That's like losing 3 hours with a 5 and 15 minutes with a 10. I don't know whether there's any charges at the receiving end of WU and don't really give a shit because it's too much of a discount. Soo, I guess I'll mule the dough in.[/QUOTE]Right now, NO One is paying out in US dollars. No one on the grid anyway. There are ways.... But not worth it unless you live here and need to do it on a regular basis. If your coming in as a "tourist" just bring it with you. In a emergency use your ATM or contact a full timer here for other options.
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[QUOTE=RevBS;444627]A bunch of grumpy old men, acting like fraternity boys. Nothing like seeing a person stumble, or get taken to make their day.[/QUOTE]Actually, the point is to try to help prevent people from wasting their money. Or at least to help people to get the most out of their money.
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Looks like movement
Two days in a row, lets see if it holds.
Finally, see if it holds, I'm changing some today.
[URL]http://www.ambito.com/economia/mercados/monedas/dolar/[/URL]
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No fucking idea
[QUOTE=BadMan;444677]Do you know why?[/QUOTE]Seriously, I have some ideas why the peso is the only Latin American currency that the dollar has not improved against in the last 6 months but as to why there was a big jump yesterday I have no idea.
I would enjoy hearing el Alamo Palermo's thoughts on the matter, he is way fucking smarter than me when it comes to this issue.
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Sometimes I have to remind myself that all numbers generated in Arg are lies. Wonderful article in La Nacion how the gov't stole INDEC and how their economic data is all BS.
I hope that this latest rise is a result of the money folks having enuff of the pressure from the current administration and they have decided to stop the losses they have incurred over the last several months. I honestly believe the current rate is more of a result of threats and favors than true economic formulas. The dollar is stronger all over the world but here it falls against the almighty peso. How is that possible even if the Central Bank is manipulating with their purchases on a daily basis.
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Lol.
Actually the dollar just dropped against other currencies in the past few days.
[QUOTE=Thomaso276;444683]Sometimes I have to remind myself that all numbers generated in Arg are lies. Wonderful article in La Nacion how the gov't stole INDEC and how their economic data is all BS.
I hope that this latest rise is a result of the money folks having enuff of the pressure from the current administration and they have decided to stop the losses they have incurred over the last several months. I honestly believe the current rate is more of a result of threats and favors than true economic formulas. The dollar is stronger all over the world but here it falls against the almighty peso. How is that possible even if the Central Bank is manipulating with their purchases on a daily basis.[/QUOTE]
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As I commented a few weeks ago, the "blue" rate has fallen as a result of the following factors:
- The "dolar ahorro"; anyone working in white earning 9400 pesos per month or more can buy USD at the official rate +20% with up to 20% of their salary; they then immediately take these dollars and sell them to a cueva for an instant profit. This provides significant liquidity to the blue market; as has been reported in all the papers, each month of 2015 has set a new record for "dolar ahorro" purchases; more "dolar ahorro" purchases = more supply in blue market = lower blue price. That being said, there has to be a significant profit involved in this exercise in order to make it worth parting with the USD, so the peso has probably found its bottom in the 12.5- 12.90 level.
-The economy is in full blown recession; there are simply less surplus pesos floating around demanding to be dollarized.
-The ANSES (national social security administration) has been selling dollar denominated bonds (those stolen a few years ago from the AFJP private pension system that was nationalized) in order to keep the stock/bond market swap price suppressed. The stock/bond swap market is the better alternative to the blue market for market participants with declared "white" money.
- Market anticipation of a regime change at the end of the year; as the end of the K mis-administration nears and the market anticipates a more pragmatic administration who will be forced to implement corrective measures to cure the economic distortions speculative interest in being in Argentine assets increases. This weeks movement back up to 12,80 (as of wednesday) is partly a reaction to the fact that a pro-Kirchner candidate won the primary election for governor in Salta held last Sunday. The more likely it looks like the Kirchners will stay in control, the more investors and Argentines will sour on the peso.
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Total cacophony.
Hilarious!
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[QUOTE=BadMan;444687]Nope....interesting opinion though.[/QUOTE]Why bother commenting when you clearly know almost nothing about how/why things happen in Argentina and obviously are not well read on current events here.
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