Post
Topic
Board Economics
Re: How can we sell Bitcoins to Argentina?
by
skivrmt
on 22/01/2014, 20:28:29 UTC
Hi All,
I saw this article on new Argentine regulations to severely curtail online imports to protect the Argentinean economy from the terrors of Amazon, and it got me really antsy about a currency collapse there:
http://www.bbc.co.uk/news/world-latin-america-25836208

As such, my next natural reaction was to wonder if it was possible for me (an American) to sell Bitcoins to people inside of Argentina, in exchange for goods shipped to me? It sounds like they have a pretty severe clamp on receiving shipments internationally, but are there any effective regulations to keep Argentinians sending out packages of Gold, Silver, Magic Cards, etc? To be honest, at this point working to get BTC into Argentina seems as much a mission of mercy as anything.

Argentina defaulted in 2002 and most likely they will again in the upcoming future.  They did some debt restructuring in 2005, and another round of debt restructuring in 2010.  If I was in Argentina I would do everything in my power not to hold local currency as [hyper] inflation is there already and will most likely get worse before it gets better.

It's never a good sign when Chavez buys half a billion of your bonds (in 2007) to "help" you... Wink