LongIslander
Well-known member
A bummer watching the blue dollar start to go down again.
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I asked my local friends there that I met why this is happening and they said that many locals are just tapped out and selling their US dollars that they had saved to pay bills, etc. I am not sure if this is true or not but a few mentioned they are having to liquidate their savings in dollars and buy pesos to pay their bills which have all gone up now.A bummer watching the blue dollar start to go down again.
This is the explanation in today's La Nacion. Prices keep going higher.Anyone know why the blue dollar is going down?
Dólar hoy, cotización del dólar, precio del dólar, dólar blue, precio histórico del dólar, valor del UVA | Dolarito.ar
Seguí la cotización del dólar minuto a minuto, compara cotizaciones, visualiza los valores históricos, conocé el precio del dólar, evolución del valor UVAwww.dolarito.ar
Yes many locals are dumping US dollars and buying pesos. Today the Blue dollar rate is less than the MEP rate for the first time that I have seen.There are simply more people selling USD than buying them.
En enero hubo más gente que vendió dólares de la que los compró
El dato está relacionado con las operaciones por la restringida plaza oficial y fue revelado hoy por el BCRAweb.archive.org
I saw that too. It's back up slightly but interesting to see MEP is higher than Blue rate now.Blue dollar went down today again. Broke 1,000 pesos.
So the figures keep telling us. I can't say I've noticed.. I found Buenos Aires extremely affordable compared to the USA and inflation looks like it is slowing down.
I agree! Feels more expensive everyday to me. This trend I am told could last a while.So the figures keep telling us. I can't say I've noticed.
I'm sorry you're having to deal with that. To be fair I haven't been back there since November and I am only going by what I am reading online which may be far from reality. I hope all of you that live there have things go well for the next few months and beyond.So the figures keep telling us. I can't say I've noticed.
Fortunately we're okay. It's the less well off I feel sorry for. I can't imagine how it is for them. Hopefully it'll all work out for the better for everyone in the end. I'm sure it will.I'm sorry you're having to deal with that. To be fair I haven't been back there since November and I am only going by what I am reading online which may be far from reality. I hope all of you that live there have things go well for the next few months and beyond.
I totally agree with you @Scottishgaucho. Most of us expats will land on our feets just fine. I do feel sorry for the locals. This is extremely painful for them and the next few months will also be painful. Fixing Argentina definitely spelled a period of pain but hopefully Argentina is in a much better place by this time next year.Fortunately we're okay. It's the less well off I feel sorry for. I can't imagine how it is for them. Hopefully it'll all work out for the better for everyone in the end. I'm sure it will.
Agreed! Where is that one guy who kept insisting that there was no inflation in USD terms?So the figures keep telling us. I can't say I've noticed.
I read that this morning.I totally agree with you @Scottishgaucho. Most of us expats will land on our feets just fine. I do feel sorry for the locals. This is extremely painful for them and the next few months will also be painful. Fixing Argentina definitely spelled a period of pain but hopefully Argentina is in a much better place by this time next year.
This was a great analysis of what is going on with the blue dollar. Spot on target as usual.
The Return of the Jaguar
Reasons for the Argentine peso gaining against the dollar and short-term outlookwww.bowtiedmara.io
At least all you foreigners earn in USD or other money. Locals making pesos are suffering most! You all can't complain!Just painful!
Blue and MEP dollars fall below AR$1,000 - Buenos Aires Herald
The gap between the parallel and official exchange rates has narrowed, making Argentina more expensive in dollar termsbuenosairesherald.com
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