Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

It's not so much that they can't predict the price it's that every dollar is worth significantly more on the black market as the official market rate. Compare the dollar blue (Blue) row with the offical bank rate (Oficial). 13.19 vs 8.57. Many people change every peso they earn to dollars immediately. (www.dolarblue.net)


What's stopping them from arbitraging the price difference?


It's impossible to buy dollars at the official price. They are very tightly controlled.


I believe that the banks are mostly Dollar->peso conversions and are extremely supply limited or cutoff from going the other way, and the black market is a both ways market.


Police pointing guns at them?




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: