Stories and News of Expat Life in Buenos Aires, Argentina
Welcome to the first of a weekly series highlighting some of what I consider to be the more interesting news from Buenos Aires and Argentina. I find many new things every week and often want to blog about them, but realize that I don’t always have the time to get to them. Hopefully, with these … Read more
As of Monday, November 17, 2008, that big blank space on the photo at the right should be a bit more filled in like our neighbors in Brazil. That’s right, after a long wait, Google Maps is finally coming to Argentina. When I was back in NYC, I pretty much used Google Maps on a weekly … Read more
We reported that the Argentine peso was expected to fall to $3.80 against the dollar, and it continues to head that way – even with the government spending nearly $1 billion today to prevent it. The peso fell to 3.44 per dollar at one point today before finally closing at 3.39 to the dollar. This … Read more
Bloomberg is reporting that Argentina may ease its defense of the peso, and take a one time devaluation to $3.80 per dollar from $3.208 today. (It’s already slid 5 percent since August 1.) They had originally predicted that the government may simply let it fall through gradual depreciation, but the new measure may come up as a … Read more
They certainly do things their own way in Argentina. We just wrote about the upcoming time change. (Argentina began observing Daylight Savings Time last year for the first time since 2000 and did it on only 4 days notice.) And now the government, after just declaring the entire country would be on the same time … Read more
With the recent turmoil in the financial markets including the collapse of Lehman Brothers and the federal bailout of AIG, will more wealthy New Yorkers look to move out of the city and head to Buenos Aires where the dollar is stronger? While this may not happen (we certainly hope not), this week has certainly … Read more
Merco Press reported yesterday that Buenos Aires is more expensive than last year, due to inflation estimated at between 10 to 20 percent and to the drop in the dollar’s value. Luckily, it still ranks among the cheapest cities in the world for foreigners, though it may not be the value that it once was. The Argentine … Read more