Stories and News of Expat Life in Buenos Aires, Argentina
We’ve previously written about Bitcoin, the digital currency that has exploded in popularity (especially in Argentina). It has become a way for Argentines to get their savings out of pesos and for expats and foreigners to take advantage of the blue rate. As Bitcoin has grown in popularity, more real world businesses have started to … Read more
One of our more frequent topics is on the “dolar blue” rate in Argentina. This is the unofficial rate at which the US dollar trades in Argentina. Yesterday it hit a new record high of U$S 1 = ARS $9.40. That’s an 81% difference to the official rate and a great reason never to use … Read more
Fires Burn Over 1,200 Acres In Argentina [LAHT] A state of emergency has been declared in Argentina’s Tierra del Fuego province, where more than 500 hectares (1,234 acres) of forest have been scorched by several fires, forcing the evacuation of dozens of people, officials said Sunday. Argentine automakers to sell at cost, protect jobs [Reuters] … 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
Reuters is reporting that the Argentine peso has shrunk to its lowest level against the dollar in 5 1/2 years. The peso slid 2.39 percent to 3.315/3.320 per U.S. dollar, its lowest point since January 2003. The peso has slid 4.65% this year so far. So, the American economy tanks and the dollar gets stronger. … Read more
Now that I’m here, I’ve been taking a look at what the best way to pay for things is – cash or credit? I’ve found that: using my Citibank Visa, I’m getting AR $2.9517 to the U.S. dollar after fees are calculated. using my Schwab ATM card I’m getting AR $3.0436 to the U.S. dollar with … Read more