Devaluation picking up steam.
I have always considered ISG the best source of information about what is happening 'on the ground'. As reported by members. To those of you in Argentina please keep us up on the what is happening 'on the ground'. It seems that another sizeable change in the exchange rates is in progress and I wonder how it is affecting everyday life of expats and local people. It is like watching history happening in front of our eyes. Thanks to all ISG'ers.
Junin Coin Shop Ripped Me OFF
Yeah, yeah, a lot of you guys go to the Junin Coin Shop near Newport.
A Block away.
My stupid ass, following stupid recommendations on this board sent us to the FAKE COIN SHOP ON JUNIN! YOU KNOW IT AND LOVE IT!
PAID ME 13 TO 1 !
Just PURE LAZYNESS on TL's PART!
Went to Alejandro where I have been telling everybody where to go and he laid down 13.70 !
Paid 14 to 1 yesterday!
No problems!
So the assholes that think that the coin shop pays better are Morons!
It' s VERY probable that the cocksuckers at the coin shop don't know me and don't know what I can do for them, very probable.
If its a few dollars no big deal but the assholes at the coin shop cost us 700 pesos! A nice girl!
So we changed 1000 at 13 and a 1000 at 13.70 so we ended up at 13.35 .
Better than a stick in the ass!
And TL did not make a fucking penny!
Have Fun,
TL
Blue dollar is around 14.2 official rate is 8. 4
So based on the rates mentioned:
I can take 1000 USD and get 14,200 peso (hopefully no counterfeit), then turn around and buy back 1000 USD for about 8400 pesos, and have 5800 pesos (or $700 USD) in my pocket?
What am I missing? Or am I right in my thinking.
I'm coming down Oct 29th to Nov 7th. Last time I was there in Nov. 2009 the rate was about 3. 4 to 1 and no blue dollar that I was aware of.
TL not sure if you remember me but I try to get a hold of you.
Missing an Important Point
[QUOTE=Cowpie;441130]So based on the rates mentioned:
I can take 1000 USD and get 14,200 peso (hopefully no counterfeit), then turn around and buy back 1000 USD for about 8400 pesos, and have 5800 pesos (or $700 USD) in my pocket?
What am I missing? Or am I right in my thinking.[/QUOTE]You are missing the important point that you cannot sell the pesos for anything, much less 8. 40.
Tres3.