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by eb0la
1690 days ago
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I remember after "corralito" a lot of US companies started opening their CoE (center of excelence) in Argentina because wages were really low, and they could hire easily. I heard (not sure if it is true) people wanted to be paid in USD because car loans were denominated in dollars rather than pesos. |
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Wikipedia says that 60% of bank loans in neighboring Uruguay are in US dollars, so I am not surprised to hear that about Argentina, a country that has for years had an unofficial "blue dollar" exchange rate with the US$ (<https://www.coha.org/blue-dollar-black-market-the-illegal-ex...>) that is very, very different from the official one.