Thursday, May 5, 2005

El peso fantastico

Although the argies hate the fuckin´ thing, I think that the argy peso is the best thing since sliced bread. This city used to be quite pricey, but since the economic collapse of 2001, when the peso was uncoupled from the dollar, it has been hugely devalued. (currenty at about three pesos to the dollar).

For the locals, this was a pretty shit as their personal savings were suddenly worth nada and the banks ran out of reserves and closed up shop. (seehttp://news.bbc.co.uk/1/hi/business/1721061.stm for the history). However, for the cheapo, pseudo-student traveller with a strong Euro in his back pocket, this place is heaven!

A bottle of beer in the most expenisive nightclub is about 1 euro, in a bar, its about 75 cents and in the supermarket, its essentially free. Thats right, you heard correct, they give you free beer in the supermarkets... To say that I am happy with my choice of destination is quite an understatement.

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