If the Argentina peso is truly overvalued

[TonyTigre]

If the Argentina peso is truly overvalued, why is the blue dollar rate lower than CCL, MEP, and Official? Didn't people used to say the Blue rate is the one not manipulated by the government?

At the moment of posting the rates are:
Blue 1425
CCL 1512
MEP 1475
Official 1463

FYI, Western Union tracks the CCL , not the Blue rate as many continue to mistakenly believe.

Three months later you have:
Blue 1425
CCL 1474
MEP 1430
Official 1441
...and Western Union at 1477.

 

[Calgary Foodie]

Three months later you have:
Blue 1425
CCL 1474
MEP 1430
Official 1441
...and Western Union at 1477.

It has been holding stable. I wonder if the War will disrupt things at all.

 

[ElQueso]

It has been holding stable. I wonder if the War will disrupt things at all.

The price of oil over the last 24 hours has been wild!

 

[Peabody]

True but I just don't understand how this economic plan is going to work at least in the short term (2 more years of Milei's term). US type prices (and many things even more expensive than the USA) and salaries at piss poor levels. It doesn't make sense and not sustainable. No matter what rationale someone tries to give me people still can't explain how this is going to work out in the long run?

This is what no one can explain to me either when I ask them how this is sustainable. Imagine prices for us expats that have more money are tough. I can't fathom what it is like making a peso income. Only ones that seem like they are getting big raises are the politicians that voted themselves nice fat raises and bonuses.

I think it's funny how Caputo and Milei and their team tell all the Argentines to deposit their cash into Argentine banks when most of these guys have all their cash stashed OUTSIDE Argentina. Look at one of Milei's top guys with a huge increase in his net worth since taking office.

El llamativo incremento patrimonial de Sturzenegger: casi $1000 millones en un año

La declaración jurada anual del funcionario reveló también que mantiene más de 1,4 millones de dólares depositados en el exterior.

www.datadiario.com

 

[Finance Prof]

This is what no one can explain to me either when I ask them how this is sustainable. Imagine prices for us expats that have more money are tough. I can't fathom what it is like making a peso income. Only ones that seem like they are getting big raises are the politicians that voted themselves nice fat raises and bonuses.

I think it's funny how Caputo and Milei and their team tell all the Argentines to deposit their cash into Argentine banks when most of these guys have all their cash stashed OUTSIDE Argentina. Look at one of Milei's top guys with a huge increase in his net worth since taking office.

El llamativo incremento patrimonial de Sturzenegger: casi $1000 millones en un año

La declaración jurada anual del funcionario reveló también que mantiene más de 1,4 millones de dólares depositados en el exterior.

www.datadiario.com

Yes Caputo and crew have all their cash in the US banks where it is safe. People would feel more comfortable once they bring all their cash into the system. They won't do that. They are smart enough to keep it where it is safe.