Re: Hotel situation

["Livingood, Jason" <Jason_Livingood@xxxxxxxxxxxxxxxxx>]

On 12/16/15, 5:30 PM, "John Levine" <johnl@xxxxxxxxx> wrote:

When the government drops currency controls, the official rate will

move toward the blue rate.  The blue rate builds in a bit of a risk

premium since it's officially illegal (although you can't walk two

metres on Florida without someone saying "cambio, cambio") so the

future real rate is likely to be not quite as good as the blue rate.

Yes, that is happening now. http://www.bloomberg.com/news/articles/2015-12-16/argentina-to-announce-lifting-of-currency-controls-today So things will be very different by the time of the IETF meeting (it is very fluid and hard for any of us to speculate how it will work, as much in Argentina seems to be changing).

Jason