Will the border shopping boom be repeated?

Will the border shopping boom be repeated?

The currency reached a new all-time high in the neighboring country. Will Uruguayans travel again to take advantage of the price gap?

Photo: Pixabay

He Dolar blue shot again in the Argentina and came to 522 Argentine pesos, overcoming a new all-time high and generating a notable impact on the Uruguayans who traveled to the neighboring country for the Winter Break, In addition to opening the door for this weekend to register again a travel boom to take advantage of the exchange difference.

After the closure of the US currency in the parallel market of the neighboring country, a new exodus is expected from Uruguay, similar to what happened in mid-May last, when the blue dollar had reached the 488 Argentine pesos and the crosses multiplied from Salto and Paysandú to Colón and Gualeguaychú. In fact, at that moment the binational bridges of Fray Bentos, Paysandú and Salto were seen to have collapsed, with rows up to 1.5 kilometers long.

On this occasion, the 522 Argentine pesos at which the blue traded today represent the largest weekly advance in Argentina since the end of April and the parallel currency already accumulates a 96.9% gap with the officer, who trades in the order of 277 Argentine pesos, a significant difference for many families who decide to cross the border to make purchases.

Uruguayans are expected to take advantage of the price gap, up to 144%

Although the crossings are common and continue, at the end of the winter holidays many families are expected to take advantage of the price gap, which reached 144%, According to the last survey of the Catholic University of Uruguay (UCU). There it was reflected that the main price differences occurred in items such as Miscellaneous Assets (includes the hygiene basket), with 254%; followed by Alcoholic Beverages and Tobacco, with 220%; Food and Non-Alcoholic Beverages (159%); and Home’s products (153%).

In fact, according to the latest report of the Commercial and Industrial Center of Salto, in the border city the drop in sales increased again, with decreases in between 38 and 60%, according to the category. In addition, it was evidenced less circulation of money cash.

Added to this are the words of the authorities who stated that, due to the winter holidays, the exchange rate difference also affected tourism on the coast. In fact, the Minister of Tourism, Tabaré Viera, admitted that they were “the most complicated period that we have lived in recent times,

In the same direction, the mayor of Salto, Andrés Lima, who stated that due to the price gap many people choose to travel to similar destinations such as Between rivers. In addition, merchants and tour operators from the departments of maldonado and rock They expressed their concern about the low influx of Argentine tourists and local visitors.

Source: Ambito

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