…What Happens when Countries Go Bankrupt?
There is a very interesting article in Spiegel Online from November 4th that I didn’t notice until today. It talks about the myriad challenges that bankrupt nations now face and uses the 2001 crisis in Argentina as an example of what happens when a country goes bankrupt.
They also discuss [...]
This is dedicated to those of you contemplating a move to Argentina, or those of you who want a reason to appreciate Craigslist rental listings in the United States.
Here in Buenos Aires, if you don’t have a great personal network and a native command of the language, you will have to use an agent to [...]
Unlike many other countries, an expat without a national ID number — which here is called a DNI (Documento Nacional de Identidad) — will have a very hard time opening a bank account in Argentina. (You cannot get a DNI without having some sort of resident visa.)
I have read tales online of a few [...]
The International Herald Tribune has this interesting article on the coin crisis.
A kiosk owner bribes a bank worker with cookies to break bills. Subway workers let commuters ride free because they can’t change their cash. Bus companies resell the coins they collect at a steep black market markup.
Argentinians are increasingly scrambling to get [...]
After doing a little more research, it appears that the minted coin to population ratio is not abnormally low in Argentina, so why the coin shortage?
(I’m sure you’ll be happy to know that I’ll be looking into this more in the future!)
This bears repeating as I wasn’t sure I made it clear on [...]
There is a shortage of coins in Baires, which can make life a bit difficult here since you can only use coins in the bus fare machines, and, coins are obviously needed for making change in general.
Even at the pharmacy, if you pay for something with 100 pesos that costs say 90.10 pesos, they will [...]
Tom and I have 12 or 13 years of muddled Quicken that we sat down to sort through tonight.
After review, we decided to simply create a new Quicken file and start over, from scratch, with everything. It is like being born again, financially anyway, sometime in September of this year. (We dropped [...]
I remember my first visit to the American Express office in Taipei, Taiwan.
I was there to receive a wire transfer for a business transaction, which was then converted from dollars to yuan, leaving me with a large bag of dough that I had to transport across town for my transaction.
I was startled to [...]
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