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-25836208As 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.
I am from Argentina, let me tell you a bit about it:
You got that right, we are at the brink of a currency collapse. For years, our currency has lost so much value (30% inflation YoY) that the government is making everything in its power to stop citizens to convert our worthless currency to other more reliable currencies. Since they can't stop people from purchasing goods from China or US over the internet, they keep making up taxes and overcharges to compensate for the loss. One of this measures goes against your idea, as the Argentinean IRS makes crazy requirements to people who offers services and goods for people abroad, making it virtually impossible for common folk to do any int'l business.
Basically, we are turning into the new Cuba, growing more and more apart from international trade and commerce. To give you a glance, there are two USD/ARS exchange rates; an one "official" which is enforced by the govt (6.30 ARS / 1 USD), and the real exchange rate (black market, a.k.a "Blue Dollar", which is 12ARS / 1 USD). That means that the central bank has to use its reserves to fund the bullshit "official" exchange rate, and it is bleeding all the national treasure.