I've already seen tourists selling bitcoins here for a 50% premium (in pesos) over international bitcoin prices. The bitcoin here tracks the black market dollar rate, so it sells for a huge markup over what should be the price in pesos.
Wait. The "black market dollar rate" is the
real price of the dollar. You should not compare with the official dollar price, because that price is totally bogus. You should use the black market dollar price as comparison. What's the BTC premium when you consider the black market dollar for the comparison?