I agree that the official rate will have to be adjusted to something around AR$10-11 but the timing of this is hard to predict... it could be anytime between now and February, I guess they will try very hard to get through Xmas with no huge devaluation but its not going to be easy......
Originally Posted by
Siempre Viajando
Blue dollar hits 15.4 today according to La Nación:
http://www.lanacion.com.ar/1729627-c...ue-oficial-hoy
The gap between the official and blue rates continues to increase. This is not sustainable; something's got to give (or maybe not? but the alternative is Venezuela...). I expect we'll see another "official" devaluation soon. I'm betting we'll see US$1.00=AR$10.00 before the end of this year.