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Avoid Buenos Aires because of financial instability?

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Avoid Buenos Aires because of financial instability?

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Old Jun 22nd, 2014, 01:27 PM
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Avoid Buenos Aires because of financial instability?

Would like to revisit BA and Argentina but with all the talk of defaults and some Argentines desperate for US dollars, should there be concern about visiting if some civil unrest ensues?
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Old Jun 22nd, 2014, 05:47 PM
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I cannot tell the future, but I don't think any "civil unrest" will "ensue". And even if it does, it should not affect tourists.

"Argentines desperate for US dollars" have been making our country cheaper for tourists for the last few years.

So, the answer is: I believe there should not be any concern whatsoever.
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Old Jun 22nd, 2014, 11:39 PM
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IF "civil unrest ensues" then of course there should be concern but how that may manifest itself, no one can predict. Whether any possible unrest should prevent you going depends entirely on your own tolerance of risk.

If I were hedge fund trader, or a member of the US Supreme Court, then I would definitely keep that to myself!

Maybe now the argentine government will now be forced into more realistic economic policies. Whilst this may cause the currency to depreciate much further causing much financial pain for the Argentine people it may make visiting the country even cheaper for foreign tourists.

I would not hesitate to revisit Argentina, it is an amazing country.
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Old Jun 23rd, 2014, 07:43 AM
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Thanks, reassuring to hear.

When I visited about 8 years ago, there would be soldiers or police out during the day with automatic weapons.

I've seen that in Europe as well but I believe this was in areas like San Telmo, so that tourists could visit during the day -- but advised to stay away at night.
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Old Jun 23rd, 2014, 01:59 PM
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It must have been more than 8 years ago, we lived there and there were no soldiers with automatic weapons around.

I do know that the police carry major firepower, more so than what I have seen on the typical police around in NY.

Even when we had riots outside our door over the Malvinas, the police were pretty controlled in their reactions .
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