Argentina Highest Interest Rate | Bitcointalksearch.org

cr1776

legendary

Activity: 4214

Merit: 1313

Quote from: Chandrian on August 03, 2013, 06:51:39 AM

However, current crisis is not remotely like the one in 2001. BC trading has increased a lot over the past year but that's due to exchange restrictions and inflation. Yet, it is a good time to start experimenting.

YET.

Give it time with the current policies and controls. Without changes in the policies, high inflation is all but assured.

Chandrian

newbie

Activity: 9

Merit: 0

Hi, Argentinian here.

I think btc has a good chance in this country. We had previous experiences in times of crisis with "trading clubs" (club del trueque) where people grouped to trade basic goods using many non fiat currency. However, these experiences ended horribly with hiperinflation on those currencies (several nongovernmental but centralized entities were in charge of currency emission and guess what, they printed money out of control). If something like this happened again bitcoin would be the go to currency.

However, current crisis is not remotely like the one in 2001. BC trading has increased a lot over the past year but that's due to exchange restrictions and inflation. Yet, it is a good time to start experimenting.

monkeybars

sr. member

Activity: 278

Merit: 251

This is the #1 place in the world where BTC could save the population. New currency is complicated, but I have a feeling that people will be picking it up in a big way in the next few months. If they can just get the dollars to exchange... or start contracting for BTC with foreign countries.

Voodah

sr. member

Activity: 266

Merit: 250

Quote from: navelgazer on July 30, 2013, 02:48:09 AM

I'm from Argentina too, that is clearly some kind of data bug. May have something to do with the super trust worthy official data about those kind of numbers.
Inflation rate in Argentina is about 1-3 % a month. 12-36% anual.

You misread the picture.

The number in it is not Inflation Rate, it is Interest Rate: the rate at which the country can get a loan from the international market.

navelgazer

newbie

Activity: 40

Merit: 0

I'm from Argentina too, that is clearly some kind of data bug. May have something to do with the super trust worthy official data about those kind of numbers.
Inflation rate in Argentina is about 1-3 % a month. 12-36% anual.

bitcoinbboyce

full member

Activity: 156

Merit: 100

Quote from: Voodah on July 29, 2013, 07:55:21 AM

Quote from: Liquid on July 29, 2013, 05:08:38 AM

http://www.tradingeconomics.com/country-list/interest-rate

Shocked

What does this mean in regards to inflation ?

Hi there, Argentine here.

It means that we're fucked over here.

Now seriously, I'm not exactly sure what you can derive from that number in regards to inflation, but what it has meant in practical terms is that Argentina has basically little to no access to credit.

We are now getting loans from Chavez in Venezuela... This is all a big corruption enabling circus.

Getting loans from a dead man, you must be in trouble!! Huh

iANDROID

full member

Activity: 182

Merit: 100

Swiss Money all around me!

Quote

The benchmark interest rate in Switzerland was last recorded at 0 percent.

Voodah

sr. member

Activity: 266

Merit: 250

Quote from: Liquid on July 29, 2013, 05:08:38 AM

http://www.tradingeconomics.com/country-list/interest-rate

Shocked

What does this mean in regards to inflation ?

Hi there, Argentine here.

It means that we're fucked over here.

Now seriously, I'm not exactly sure what you can derive from that number in regards to inflation, but what it has meant in practical terms is that Argentina has basically little to no access to credit.

We are now getting loans from Chavez in Venezuela... This is all a big corruption enabling circus.

Liquid

hero member

Activity: 826

Merit: 500

Crypto Somnium

http://www.tradingeconomics.com/country-list/interest-rate

Shocked

What does this mean in regards to inflation ?

Topic: Argentina Highest Interest Rate (Read 1598 times)