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March 17, 2008
Hope for the Dollar
If there’s ever a story that involves exchange rates and Chilean strippers, you know I’m on it.
Bikini-clad pole dancers, mini- skirted hostesses and a deal on foreign exchange await customers at Passapoga, a Santiago nightclub, who pay with U.S. dollars.
At banks and foreign-exchange bureaus, $1 fetches less than 430 pesos. Passapoga pays 600 pesos.
“This campaign has had considerable success,” said Jaime Retamal, 55, the club's manager. “Customers come from all over, but a lot from the U.S.”
The dollar has lost a quarter of its value against the peso in the past three years, increasing U.S. travelers' expense for hotels, taxis and restaurants in Chile. Passapoga is discounting the exchange rate to discourage Americans from cutting back on nightclub visits.
Posted by edelfenbein at March 17, 2008 7:15 AM
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