Argentina hikes interest rate 300 basis points as inflation spirals
Wow Argentina sounds insane right now.
https://www.reuters.com/markets/us/argentina-hike…
By Jorge Otaola
"BUENOS AIRES, June 16 (Reuters) - Argentina's central bank raised its benchmark interest rate by the most in three years on Thursday, hot on the heels of a major hike by the U.S. Federal Reserve and as the South American country firefights sky-high inflation running at over 60%.
The central bank upped the benchmark Leliq rate by 300 basis points to 52%, the sharpest rise since 2019, citing rising perception of financial risk, soaring global prices and the need to spur saving in the hard-hit local peso currency."
Argentina is a shitshow of a country
They have great steaks there and the girls are hot and have hot Spanish accents that sound like a mix between Spanish and Italian. Also, Mendoza is legendary for wine.
It seems like you can find hot girls anywhere, haha.
That’s the beauty of the world - baddies are everywhere
Another reason you shouldn't tie yourself down and get married
***Pizz has entered the chat***
Certain Argentine chicks seem to have this hot grunge rocker look going on - I'm a fan. I visited Argentina for two weeks and had a blast.
Yes, the country itself is beautiful, but the government is awful. Same with majority of the world.
Can confirm, some of the best food. Been there lots of times. Girls are hot too
I honestly thought this post was a joke about what Argentina was like back then and not now in 2022.
I’ve been to Argentina 7x (and dated a wonderful girl from Argentina for c.5 years). Buenos Aires is an incredible city and it is absolutely true about the meat / wine / women. Argentina has no shortage of sophisticated, intelligent, and ultimately very friendly/good people. Unfortunately the economic situation has continued to deterioriate over the last 15-20 years since I started going there. It’s a shame, but I really encourage people who are comfortable traveling within Latin America to plan a stop through Buenos Aires. It is absolutely worth it.
What was the crime like?
A secret part of me wants to get a remote FP&A job, move to BA and live like a king
Unfortunately crime has increased. If you live in a wealthy suburb, you certainly need a full fence / gate and your street will pool together money for a security guard that will stand by and monitor your gate when you drive in/out of the house. Apartments on the first floor or two of the cities will frequently have bars on the windows to prevent theft / break-ins. I don’t think violent street crime is an issue, as long as you stay away from the bad neighborhoods (and there are bad neighborhoods). Walking around the city is generally fine and there is plenty of nightlife, but you do want to be aware of your surroundings. It isn’t as brutal as some other Latin American cities (e.g. Belize City), but it isn’t exactly an expat safe haven either.
AndyLouis is by far the best person to talk to about moving / living there as he has actual experience.
I am from Argentina and moved to the US with my dad last year. Among the reasons why we decided to leave the country:
Take into account that I lived in one of the wealthiest and most secure areas in Buenos Aires. I dont think it is worth these risks even if you live like a king.
Food is excellent. Girls are excellent. People are excellent. Music is excellent. Night life is excellent. Our passion for sports (specially soccer) is excellent. We have beaches, mountains, cities, all sorts of tourist activities.
However, if you earn 700 usd a month you are among the top 1% wealthiest in the country. I love my country but would never go back and build a life there, no chance. My main reason for living was insecurity though, but economic reasons are also important long term
Reason for leaving*
is it possible to live there without speaking any Spanish?
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