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16 posts tagged peso from Discover Buenos Aires.
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16 posts
Argentina allowed the peso to devalue by 17% on January 23, 2014, from $6.8 to over $8.0. Immediately, many merchants started raising their prices. The government decried these tactics as unwarranted and pushed to keep prices down. But, aside from the prices of staple foods which were frozen in advance of this, prices on most … Read more
We’ve previously written about Bitcoin, the digital currency that has exploded in popularity (especially in Argentina). It has become a way for Argentines to get their savings out of pesos and for expats and foreigners to take advantage of the blue rate. As Bitcoin has grown in popularity, more real world businesses have started to … Read more
One of our more frequent topics is on the “dolar blue” rate in Argentina. This is the unofficial rate at which the US dollar trades in Argentina. Yesterday it hit a new record high of U$S 1 = ARS $9.40. That’s an 81% difference to the official rate and a great reason never to use … Read more
The “dolar blue” has hit record highs for the past two days following new rules from AFIP (the Argentine tax agency) that imposed additional fees on the use of Argentine credit cards as well as on travel packages purchased in Argentina for travel outside the country. First, AFIP raised the surcharge that Argentines must pay … Read more
UPDATE (12/17/15): This information is no longer accurate as the government has eliminated the blue rate. I know, I know… We’ve had a lot of posts about using Xoom to transfer money to Argentina (and here), but today they’re offering a rate of ARS $6.0213 to USD $1 which we had to write about. This is … Read more
A few weeks ago I wrote about using Xoom to transfer money from the United States to Argentina (from the UK, use Azimo) and I thought now would be a good chance to follow up on my experiences and the experiences of a few others. First of all, the rate has skyrocketed to 5.5357 dollars to 1 peso … Read more
Gay marriage is now legal in Buenos Aires after President Cristina Fernández de Kirchner signed the bill into law last week. Perhaps the best headline I saw about this was, “Argentina approves gay divorce.” 🙂 Here’s what else is making news over the past week: Argentine Peso Gets Lift From Record Soy Harvest as Volatility … 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
Yep, as the title shows, it’s been awhile since we’ve posted any of our random observations. Why you may ask? I think it’s a combination of having too much work to do as well as becoming more familiar with our surroundings. It’s amazing how quickly one adapts to their surroundings and things you once thought of as … Read more
Seems like our new Buenos Aires News idea was popular enough to be “borrowed” on another site, so I guess we’re doing something right. (Though some credit would have been nice.) Argentina Playboy Bunny Campaigns for Whales in Chile [Merco Press] Argentine top model Vanesa Carbone cat-walked topless in front of the Japanese embassy in Santiago … Read more
More interesting news from around Buenos Aires and the rest of Argentina. Blackouts Back As Heat Wave Hits Argentina [The Argentine Post] It’s blackout season again in Argentina. Traffic lights stop working, stores and kiosks have to close their doors and discard spoiled food, and thousands of people have to take the stairs instead of … Read more
More interesting news from Buenos Aires this week: Argentine court intervenes in Aerolineas Argentinas [Reuters] An Argentine court agreed to oversee the day-to-day running of the country’s main airline on Friday amid signs the government is moving to expropriate the carrier from its Spanish owners. Airline Grab Gains Ground in Argentina [The Wall Street Journal] … Read more
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
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