GlasgowJohn
Well-known member
Seems like it is going so quickly now. Is it just the lowering of interest rates? That doesn't seem like it could be right? Where so many people really depositing their pesos into high interest bearing accounts? I thought locals always saved in USD? Can this explanation really be true? If interest rates are really 289% even if you're getting paid a high interest rate you are losing money just keeping it in the savings account. Something doesn't make sense.
I can't believe so many people were in fixed term deposits? @GlasgowJohn do you keep your savings in fixed term deposits? Seems like a losing proposition.
Parallel dollar exchange rates increase by up to 10% in two days - Buenos Aires Herald
The blue dollar rate is only 20 pesos away from its all-time high following relative calmbuenosairesherald.com
Sorry @Gus UK , I missed this
We dont keep any savings within the Argie banking system
There was some sense in fixed deposits if you were liquid in Pesos in January and February / the rates offered were good and as the grey/blue USD was stable , you could actually make money.
But things change so fast here , you could be caught offside with a fixed deposit.