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This scheme frustrated the traders of Buenos Aires, and a thriving informal yet accepted by the authorities contraband industry developed inside the colonies and with the Portuguese.This also instilled a deep resentment among porteños towards the Spanish authorities.The city is located on the western shore of the estuary of the Río de la Plata, on the South American continent's southeastern coast."Buenos aires" can be translated as "fair winds" or "good airs", but the first one was the meaning intended by the founders in the 16th century, by the use of the original name "Real de Nuestra Señora Santa María del Buen Ayre".During most of the 17th century, Spanish ships were menaced by pirates, so they developed a complex system where ships with military protection were dispatched to Central America in a convoy from Seville the only port allowed to trade with the colonies, to Lima, Peru and from it to the inner cities of the viceroyalty.Because of this, products took a very long time to arrive in Buenos Aires, and the taxes generated by the transport made them prohibitive.
More attacks by the indigenous people forced the settlers away, and in 1542 the site was abandoned.
The city limits were enlarged to include the towns of Belgrano and Flores; both are now neighborhoods of the city.
The 1994 constitutional amendment granted the city autonomy, hence its formal name: Autonomous City of Buenos Aires (Ciudad Autónoma de Buenos Aires; "CABA").
Several languages are spoken in the city in addition to Spanish, contributing to its culture and the dialect spoken in the city and in some other parts of the country.
This is because in the last 150 years the city, and the country in general, has been a major recipient of millions of immigrants from all over the world, making it a melting pot where several ethnic groups live together and being considered as one of the most diverse cities of Latin America.