Argentina Election Sweeteners
As you all know, Massa the economy minister, has issued a load of sugar coated $$ bribes leading up to the elections, one of which is a loan of up to AR$4m with a fixed rate of around 55% over 48 months (central bank rate is 112%) for self employed and/or those who have their tax affairs in order.
The general idea for people that I know is to get the loan and buy dollars immediately.
Clearly the IMF is really pissed off by these electioneering state subsidies, which the organisation has frequently warned against.
Now they’re raffling cars and electronics if you use your debit card.