[WoofDog123]

Why did we need to bail them out for a few days until their IMF money shows up? I assume the benign interpretation is that the u.s. intervention alone will restore some confidence in their system, along with the temporary confiscation of 'long-term' deposits, whatever a long term deposit is. By the time these people get their peso moneda nacional deposits back they may not be worth their weight in paper. FWIW, uruguay has the most worthless low-denomination paper money I have personally used, the 5 peso note being worth about 20 cents now.

[Lizard_King]

1,633,057.85 Turkish Lira = 1$;most devalued currency I have ever used.

or where I was born and raised, Costa Rica

339.42 colones= 1$

The relative worthlessness of Uruguay's money stems not from the amounts per dollar but how much of that exchange rate is artificial and born of fraud. In that respect I would say Uruguay is not that bad, esp for Latin America

[Free the USA]

Index Bump

[A Ruckus of Dogs]

Why are we bailing out anyone? Let 'em alone, else they'll never learn how to fix their problems.

[The Duke]

I'm in the process of opening a software development office in Argentina - and must say that the experience has been positive thus far. The technical people I've got working with me there are as bright and capable as any I've worked with here in the US, the work ethic is great, and of course the costs are much lower.

Of course I'm going to have to learn to speak Spanish, but this old dog can still learn one or two new tricks.