Tuesday, September 11th 2012 - 06:11 UTC

Cristina Fernandez targets Argentines going abroad to contain outflow of dollars

No end for the US dollar clamp in Argentina. According to the Buenos Aires media the government of President Cristina Fernandez is preparing a set of new measures to further limit Argentines from holding the US currency but also from spending abroad on tourism.

Argentines travelling abroad will have to pay more for tickets and packages

In the next seven days the Argentine tax revenue office AFIP is expected to announce the measures which apparently will include extra levies on the purchase of tickets to fly abroad, tourism packages and shopping at free-shops.

Last week it was made official that Argentine holders of both credit and debit cards will have to pay a 15% surcharge for expenditures overseas supposedly deductible when the final annual statement on taxes. The same 15% applies to purchases on line with cards.

The Buenos Aires media reports that the final ironing out of the package is being reviewed by the central bank and the Argentine Tourism Chamber. What has yet to be decided is the percentage to be charged, and the objective is to close “all possible loopholes for the outflow of US dollars”.

“We are trying to compensate all the dollar escape points to help compensate the strong need for foreign currency which the Argentine economy demands”, according to one of the sources quoted in the report.  

Likewise as part of the grip and restrictions the Argentine government published on Monday in the nation’s Official Gazette, a measure laying out rules for government officials in official trips out of the country.

According to the new rules, government staff and officials are to receive “only the currency of the destination country they are to visit as opposed to dollars which so far was the case that caused some fuzz as it was detected that many officials found there a leak to buy/collect dollars at the always convenient Banco Nación's official rate, which is currently banned for regular citizens.

The national government stated the new policy is aimed towards “ensuring the equal treatment for all Argentine citizens.”

“Trips and official missions abroad have the objective of representing the Argentine State”, the government said today in the Official Gazette and added that official travelling is subjected to a previous measure.

“Those officials should be abided by the institutions appointed to authorize those missions and official trips”.

President Cristina Fernández has been imposing currency exchange controls since November last year which have since been tightened considerably.

Apparently the last batch of measures can be traced to recent data on tourist movements in Argentina and which Cristina Fernandez underlined with “something more than surprise last week”, when she was informed by the Ministry of Tourism that last July the number of Argentines travelling overseas was up 20.2% over the same month a year ago.

“I have the latest figures from Tourism, how many arrived, how many travelled overseas and how much they spend”, said the Argentine president. “And although we received fewer tourists: what a surprise: July last year when the boom, 165.239 Argentines travelled overseas, while this last July, 198.867”.

And not only that “they spent 25.9% more than last year; here is one of those myths about Argentina: this is only one of the many examples of the ‘discouragement campaign by the big media’ intent in giving bad news and criticizing my administration”.

According to the official stats presented by Cristina Fernandez the number of tourists that arrived in Argentina during July dropped 7.5% compared to the same month in 2011, and totalled 215,511 people, while the Argentine citizens that travelled abroad climbed 20.2%.

The Indec national statistics bureau said that the expense of tourists was of 295.3 million dollars, dropping 7.6% in the seventh month of the year.

Meanwhile, Argentine tourists' expenses abroad reached 276.2 million dollars, 25.9% higher than the volume registered in the same month last year.
 

63 comments Feed

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1 Tabutos (#) Sep 11th, 2012 - 06:39 am Report abuse
now you get fined for leaving your own country
2 Frank (#) Sep 11th, 2012 - 06:55 am Report abuse
Thats Plummet Air rooted then... on a good day its only customers are cash strapped RGs.
3 agent999 (#) Sep 11th, 2012 - 07:01 am Report abuse
The biggest worry ordinary Argentinians should have is every economic policy is based on information released by INDEC
4 Idlehands (#) Sep 11th, 2012 - 08:35 am Report abuse
Anyone see any similarities with the restrictions placed on citizens by the regime in North Korea.

Anyone with the money and sense should leave the Argentine prison camp before it's too late.
5 jeffski (#) Sep 11th, 2012 - 09:26 am Report abuse
This is what the islanders have to look forward to if the RG's ever get their dirty mits on the FI.

Not thar they ever will of course.

It looks and sounds like a old soviet block state more and more with each passing day, any normal argentine with any sense, and any money , would be making travel plans right NOW.
6 ElaineB (#) Sep 11th, 2012 - 09:41 am Report abuse
Yeah, they should move and I know quite a few that would like to do that. But how do they get their money out of the mafia? They have to leave with the shirt on their backs and start again. If they can find somewhere to go. A lot of countries are not accepting people from South America at the moment.
7 Betty Boop (#) Sep 11th, 2012 - 10:40 am Report abuse
And of course all of these new measures will apply fully to KFC and her cronies when they travel abroad on official Government business, or for lavish family weddings and visits to their Uruguayan summer houses? Just as they will to ordinary Argentines? Yes?
8 Trunce (#) Sep 11th, 2012 - 10:54 am Report abuse
Not to worry! If RG’s are unhappy these restrictions – they can still affordably holiday abroad (well sort of).

Just pop round to the Ecuadorian Embassy, and tell them you are feeling a little persecuted. I understand they will be extremely sympathetic – allowing free board and lodging ad infinitum.
9 Sir Rodderick Bodkin (#) Sep 11th, 2012 - 11:19 am Report abuse
I just hope people get their act together and join to protest on Thursday 13th.
I'm sick of this shit.
10 jeffski (#) Sep 11th, 2012 - 11:46 am Report abuse
@8.

The Ecuadorians will soon be over run by suspected rapists/killers/ robbers and all sorts of undesirables, jumping bail and claiming diplomatic immunity from all over the world, I'm afraid their will be no room for potential argie holiday makers.
11 yankeeboy (#) Sep 11th, 2012 - 12:19 pm Report abuse
Not surprising, they're out of U$ still have 10s of BILLIONS of U$ owned in the upcoming year and with little hope of paying.
I am guessing there will be a vote to suspend and maybe kick out ARG from IMF/WB/IDB during the Oct meeting. I am also wondering how long the Paris Club will let them stay in default before they take some pretty harsh action.
It is also pretty hard to plant when your fields are under water. If this turns into a 2nd year of poor crops they may have quite a few pols swinging from trees by next year.
12 Trunce (#) Sep 11th, 2012 - 12:55 pm Report abuse
@11

“It is also pretty hard to plant when your fields are under water.”

Aha! There seems to be a connection here. Not just land belonging to others that Arge seek to abduct.

www.dailymail.co.uk/news/article-2201377/Ahmadinejad-accuses-West-stealing-Irans-rain-AGAIN.html?ito=feeds-newsxml

@10 Thanks for the reminder. Shopping list - Vitamin ‘D’ tablets for Julian. Wouldn’t want him to get Rickets through lack of sunshine (wont be a problem when he gets to Gitmo).
13 Mendoza Canadian (#) Sep 11th, 2012 - 12:59 pm Report abuse
And she babbles on about “democracy”. Its quite obvious she doesn't know the meaning of the word. The new dictorship is here. Time for an Argentinean Spring.
14 Captain Poppy (#) Sep 11th, 2012 - 01:20 pm Report abuse
Anyone else hear about the bomb threat the closed and evacuated terminal A at Ezeiza last night? It never made any papers or TV. Maybe she's now trying to scare people from flying out of country.
15 Idlehands (#) Sep 11th, 2012 - 01:25 pm Report abuse
I like the idea of stealing Iranian rain. I wonder if the general populace actually believes it.
16 Trunce (#) Sep 11th, 2012 - 01:28 pm Report abuse
@15

They believe what they are told to believe - bit like RG's really.
17 Captain Poppy (#) Sep 11th, 2012 - 02:25 pm Report abuse
It must be painful for these trolls to continually support these incompetent hypocrits. But then again, they are all la campora brain washed and sanitized.
18 Idlehands (#) Sep 11th, 2012 - 02:52 pm Report abuse
I remember an article not so long ago about the Iranian mentality. Anything good or bad that goes on is attributed to the 'behind the scenes' power of the British. They believe we control everything. I assume it's a hangover from the Empire. At times it's quite handy that they believe it to be true.
19 CJvR (#) Sep 11th, 2012 - 02:53 pm Report abuse
I wonder how long the regime is going to continue with it's pretend economics. Like this, is this extra tax really anything but an official recognition that the unofficial exchange rate is the accurate one?
20 yankeeboy (#) Sep 11th, 2012 - 03:04 pm Report abuse
You have to remember, Argentina is not a civilized society. CFK is fighting for her very existence and that of her children. When she loses power there is a very good chance she will die or they will bankrupt her through the courts and jail her. That is why she will do all that she can to stay in power.

This is just the beginning watch out because cornered animals get vicious.
21 Fido Dido (#) Sep 11th, 2012 - 03:59 pm Report abuse
“A lot of countries are not accepting people from South America at the moment.”

ElaineB ...muts (dutch for idiot) ( B for Burro, you should know since you go often to that indian resort there in Chile), the more you type, the more you show what kind of idiot you are. Name us here the nations that doesn't except south americans. For example here in the US and in Europe they are begging the Brazilians to come. Do yourself a favour, stop drinking the kool aid and pay attention in your own shitty country that's falling apart..yeah..you're being raped there by Camoron and his banksters friends, but i guess you love that..or your so called friends in chile and argentina hasn't told you that yet.
22 ElaineB (#) Sep 11th, 2012 - 04:09 pm Report abuse
@21 You are a fool.
23 Conqueror (#) Sep 11th, 2012 - 04:21 pm Report abuse
@21 I don't think anybody was referring to wetbacks such as yourself. As for the Brazilians coming, the real question is whether they can jerk hard enough to “come”!
24 Simon68 (#) Sep 11th, 2012 - 04:31 pm Report abuse
21 Fido Dido (#)
Sep 11th, 2012 - 03:59 pm

Just try getting a room in Madrid with your Mercosur/Mercosul passport!!!!!
25 Captain Poppy (#) Sep 11th, 2012 - 04:32 pm Report abuse
#212 there is actually a set quota on the number of people that come into this country (USA) 140,000 for workers....and the first preference goes to workers with extraorinary abilities. No countries get a preference other than those alloted 55,000 slots in the green card lottery. Those have 5,000 designated to Nicaragua. Brazil has an allotment of 592 visas of the 55,000
26 atk357 (#) Sep 11th, 2012 - 04:46 pm Report abuse
Let's see...more people leaving than coming....“ensuring the equal treatment for all Argentine citizens.” Is that a Democracy? Not in my planet!....bomb threat? May be someone there should redefine range to target!....that is....
27 ElaineB (#) Sep 11th, 2012 - 04:55 pm Report abuse
I wasn't going to bother with a long post regarding Fido's comment as it was so ridiculous, but here goes......

Argentines almost without exception want to move to Europe or the US. (One of my friends was emailing me this last weekend regarding trying her luck in Spain, for instance). Immigration has been restricted because of the problems in Europe and one area in particular that has been targeted is South America. Believe it or not but it is true. The quota for South America to the UK is very low, almost non-existent. It changed when Cameron was elected and is unlikely the change back in the near future.

@25 Are you talking about HB1 visas? They are not all that easy to obtain are they. The applicant must have a job contract for a minimum three years and has to prove they are an exceptional candidate for the job. They also require a minimum of a degree equivalent to a US degree. The cost of the process would probably put it beyond the means of most Argentines and I doubt many of their degrees would meet the equivalency test.

btw I advised my friend in BsAs to reconsider - she can work anywhere and there are cheaper alternatives to Europe. But interestingly she had done quite a lot of research and many things are now cheaper in Spain than in Argentina. She also made a remark along the lines of...... everyone talks about a crisis in Europe but they have no idea. A crisis is what is happening to my poor country right now.
28 Captain Poppy (#) Sep 11th, 2012 - 05:17 pm Report abuse
HB1's are near impossible unless you are a scientist or a physican and tyicpally can cost 3 to 5,000 U$. You now have to prove that an American cannot do the work you you are asking to get a visa for.
The green card lottery is limited to 55, 000 people and allocation made to countries. Brazil is about 560, Argentina 220 no one from Columbia is allowed.....Venezuela has 300 alloted.
29 Brit Bob (#) Sep 11th, 2012 - 06:08 pm Report abuse
With 24 % inflation, the peso sinking against the dollar on a daily basis, and regarded as a pariah state by international money lenders, when the bucks do finally run out the peso will be devalued and the ordinary Argentine in the street will be ripped off again.
30 hammerhead993 (#) Sep 11th, 2012 - 07:19 pm Report abuse
Fido!!! What's up sister?? You're my favorite poster, with Tobi being a close second. So filled with anger and malice. Did you get your ass kicked a lot when you were growing up in Holland? Your posts are the best! Complete nonsense, but man are they good.
31 A.J.Rimmer (#) Sep 11th, 2012 - 08:11 pm Report abuse
So the Snotneus returns, usual crap i see, nothing new.
32 Preciosa (#) Sep 11th, 2012 - 08:16 pm Report abuse
@27 & @28

They are 3,000 medical doctors from argentina working in the USA, starting salary $200,000 plus benfits with degrees from argentinians universities.

Please, note all foreign medical doctors in the USA have to pass the medical board exams and are yearly evaluated for their work performance by hospitals and liabity insurances.

Same board exams and several work evaluation applies to engineers, architects, teachers, social workers, nurses, nurses assistants,
pilots, teachers, etc.

While residing in Tehran, Iran I met the best petroleum engineers and teachers from Argentina.

The Indian Reservation schools in the USA hires foreign teachers from all over the world.
33 jerry (#) Sep 11th, 2012 - 08:38 pm Report abuse
It used to be that a typical United States BS degree in engineering would not be accepted in Argentina, as one in Argentina required 6 years of study, not 4; the equivalent of a Master´s degree in the U.S. Looks like education has really gone downhill in Argentina; about 25% of students do not even finish high school.
34 Captain Poppy (#) Sep 11th, 2012 - 09:13 pm Report abuse
Not all physicans have to pass a board exam is correct, only the ones that want to practice medical from outside the bars. Foreign phyicians still need to do there residency requiresments if they academics fall short......thats 5 years.
No licence ..................no patience.
Every state has it's own medical board of public safety that requires physicians to practice.
MORON!
Don't confuse board specialty versus medical license.
35 Pirat-Hunter (#) Sep 11th, 2012 - 09:28 pm Report abuse
Why not use pesos what's wrong with them? I can trade almost any currency anywhere in the world. If you can't trade pesos why even go there?? I like CFK she seems to get the english mob exposed in the act.
36 JohnN (#) Sep 11th, 2012 - 09:32 pm Report abuse
No problem about USD for Argentines who respect Falkland Islands' sovereignty because you can come for a holiday in Falkland Islands where Falklands FK₤ and UK₤ are official currency.
37 ElaineB (#) Sep 11th, 2012 - 09:57 pm Report abuse
The length of time it takes to get a degree does not mean it is better. Typically a four year degree in the US is completed in three years in the UK. They are equivalent.

A typical degree in Chile takes five years. I enquired about this in Chile and was advised by a foundation providing scholarships there that a student entering University in Chile is not at the same level as a typical 'A'level student in the UK.

A friend of mine in Argentina is in his sixth year as a full time student at university studying a subject that would take three years in the UK.

In order to use your degree in the US you have to pay for an equivalency certificate, where the content of the course, country where you studied and university are all considered. Just sayin'.
38 Preciosa (#) Sep 11th, 2012 - 10:19 pm Report abuse
@34 Conqueror/ Captain Poppy
All physicians require to have a medical license provided by the medical board of each state.
3,000 argentine medical doctors have passed such medical exams, beside that these physicians are evaluated on their work performance on yearly basis by hospitals and liability insurances.
The years to study in each country is different but the curriculum is almost the same.
@ 33 Jerry

Education in the USA is getting worst:
“No child left behind” a law passed by former USA president Bush clearly indicates that teacher did not care about doing their job.
High School drop outs and teen pregnancy is the biggest problem the USA is trying to resolve.
Bullying and shooting in high schools don't show too much of a civilized country....drive by shooting, overweight students...
The USA education is going down hill...when is going to be resolved?
No ones knows.
39 St.John (#) Sep 11th, 2012 - 11:12 pm Report abuse
This is about as “brilliant” a move as the reciprocity fees charged tourists from Australia, Canada and the US.

This new tax will - as intended - reduce the amount of money Argentinos spend abroad, including in their favorite tourist destinations, Uruguay, Chile and Brasil.

Will Uruguay, Chile and Brasil retaliate? why shouldn't they?

- and if the US, Canada, Australia, Asia and and Europe join in, this will mean a large net loss of much needed foreign currency.

Take gun, load gun, cock gun, point gun at foot, pull trigger. Result: Pain, use surgery to reapir injury.

Take gun, load gun, cock gun, hold muzzle to temple, pull trigger. Result: Damage can be repaired using two pieces of sticking plaster.

JIC:

The fee Australia, Canada and the US charge is to cover expenses for approval of the application before a visa is issued, while he reciprocity fee is revenge based on hurt national pride (I have recently delivered a SWOT analysis of tourism to Chile; they acknowledged the problem but couldn't get over their hurt feelings).

The majority of Argentinos, Chilenos and other Lationo Americanos travel to those countries to get a job and take money out of the countries.

The majority of Ozzies, Canadians and US Americans travel to Argentina, Chile and the rest of Latino America to spend money, i.e. bringing money into the countries.
40 Captain Poppy (#) Sep 11th, 2012 - 11:38 pm Report abuse
Saving her pesos for U$

www.argentinaindependent.com/currentaffairs/national-government-will-not-pay-subte-subsidies-with-2013-budget/
41 hammerhead993 (#) Sep 12th, 2012 - 12:45 am Report abuse
I always wondered what SussieUS looked like. Now we know she's “preciosa”. From what she says, the U.S. is horrible. And yet she continues to live in the U.S. Makes one wonder doesn't it?
42 Captain Poppy (#) Sep 12th, 2012 - 12:53 am Report abuse
She's locked away in a lab at la campora. lol She thinks everyone is a Brit.

Another expropriation in the works.

online.wsj.com/article/BT-CO-20120907-713603.html
43 redpoll (#) Sep 12th, 2012 - 01:36 am Report abuse
The haemaphodite sussie which changes its name like a chameleon does 20 tricks day in Arizona or where ever it dwells. All I can say is -kinky lot up there. I hear its to be repatriated to Patagonia as a national treasure soon so it can converse with the sheep and post more informed woolly comments on its posts
44 Captain Poppy (#) Sep 12th, 2012 - 01:57 am Report abuse
I have a lot of Argentine friends and she is a real embarrassment to normal people. She is a case to be studied for Psychology Today, Modern Invention or even Monsterquest.
45 redpoll (#) Sep 12th, 2012 - 02:31 am Report abuse
Cristinas campora followers will take anything for re-education As a priapic troll it has probably been taught how to b*gger its self
46 Captain Poppy (#) Sep 12th, 2012 - 12:57 pm Report abuse
I guess she is now scraring away the tourist as well:

blogs.ft.com/beyond-brics/2012/07/12/tourism-in-argentina-feeling-the-squeeze/
47 yankeeboy (#) Sep 12th, 2012 - 02:24 pm Report abuse
If you use one of the RG hotel booking web sites you can see how much the prices have dropped yoy. I bet if you paid in U$ you could get an AMAZING deal!
48 Captain Poppy (#) Sep 12th, 2012 - 04:25 pm Report abuse
Yankee check out dburgers lastest post to me in another article:

“Guys, Captain Poppy seems to be in the pay roll of Mauricio Macri and maybe partner of Beatrice Murch.

Umm. I just wonder if conspiracy against an Argentine Head of the State still has 10 year prison.

Any fellow argie lawyer to give free advise to Poppy & co?”

I think I am suppose to get freightened and stop lol
49 yankeeboy (#) Sep 12th, 2012 - 06:03 pm Report abuse
Careful you may have a Ford Falcon waiting for you someday. Hahaha
50 Captain Poppy (#) Sep 12th, 2012 - 07:06 pm Report abuse
I wonder what the hell he meant.....or was thinking? lol Maybe they will issue an international arrest warrnt for me.....and I will drive up to Canada for political asylum!
51 yankeeboy (#) Sep 12th, 2012 - 07:33 pm Report abuse
He's just a resident nut don't pay any attention to his threats. You should see some of the threats these loony RGs have posted in the past. Some people have had very aggressive emails sent to their private email address and phone calls made to their homes!
Rgs are all bark and no bite. If you stand up to the they will quickly back down. So you get a lot of keyboard warriors here that hide in the shadows during the day.
As I said they are becoming UNHINGED.
52 Captain Poppy (#) Sep 12th, 2012 - 07:58 pm Report abuse
I wasn't worried and I can see the level of nuts they are sussie is the classic and still thinks I am eEnglish ...lol. Some got emailed and phone calls how the hell they get that info?
53 yankeeboy (#) Sep 12th, 2012 - 08:08 pm Report abuse
People share too much information. Think (aka Marcos) is the worst he is a stalker be careful with him. I think Sussie is plain stupid and probably an illegal who was sent home.
Things are falling apart pretty quickly there. My friend had a long conversation with his family last weekend but wouldn't talk about it except to say it is all bad news.
54 Captain Poppy (#) Sep 12th, 2012 - 09:11 pm Report abuse
I saw the nutcase sussie post info....no idea if it was real. I would never provide any information, especially with my wife's family still there. The is another protest tomorrow in Buenos AIres most I know will go. There are signs that say: democracia o diKtadura.....k for the kirshners
55 Truth_Telling_Troll (#) Sep 12th, 2012 - 10:43 pm Report abuse
“You have to remember, Argentina is not a civilized society. CFK is fighting for her very existence and that of her children. When she loses power there is a very good chance she will die or they will bankrupt her through the courts and jail her. That is why she will do all that she can to stay in power. ”

I wonder where all the suppodedly “fair minded” individuals on this board are... the ones who say they don't hate Argentina, or they don't care, or they just don't like the government, but have nothing against the people.

This statement above is the most appalling lie and untruth ever written here. And the best part is this APE (that is what yankeebroke has proven to be, an illiterate, trolling, depraved ape), he freaking shoots his own postulations down within the same response!!!

“Argentina is not a civilized society”, he writes...

then...

“When she loses power there is a very good chance she will die or they will bankrupt her through the courts and jail her. That is why she will do all that she can to stay in power. ”

If she will go to court and to jail because of proven fraud, or go bankrupt in the process, doesn't that in fact show Argentina is more civilized than the USA or UK will ever be? We actually prosecute our leaders, they are not above the law... which they clearly are in the backwards societies of the USA/UK, where a president or prime minister can do all kinds of financial, political, and military blunders and get away with it.

And everyone here knows CFK won't die, since Argentina does not assassinate presidents. Such things are for inferior societies, filled with deranged biological entities, where 10 people may have their heads blown inside out in a school, a kindergarten, a university, a library, an office building, a shopping mall, a supermarket, a national monument, a skyscraper, the middle of the highway, or even a stupid movie screen. And where presidents are not immune, whether in a theater watching a play or riding.

Reality.
56 Captain Poppy (#) Sep 13th, 2012 - 12:04 am Report abuse
TiT going to Santa Fe y Callao tomorrow?
57 Preciosa (#) Sep 13th, 2012 - 05:43 pm Report abuse
9/13/ 2012 = Captain Poppy Death Announcement
We all have to attend your funeral!
58 redpoll (#) Sep 13th, 2012 - 07:49 pm Report abuse
Preciosa will be too busy on her street corner to attend I expect
59 Captain Poppy (#) Sep 13th, 2012 - 07:52 pm Report abuse
Another contradiction in ass faces indec inflation numbers:

www.washingtonpost.com/business/argentina-matches-inflation-with-26-pct-hike-in-welfare-expands-program-to-69-billion/2012/09/13/d6a40078-fdb7-11e1-98c6-ec0a0a93f8eb_story.html

26% increase in government handouts is ass lips way of acknowledging the real inflation rate. I hope the good prople of Argentina catch the fact that she is devaluing the peso at a rate of 2 cents a week. a little more than .5% decrease in value a week. SHe hopes a slow and sturdy decline will go unnoticed and be less painful.
60 Troy Tempest (#) Sep 14th, 2012 - 03:04 am Report abuse
@57 Sussie

Still here???

CFK gets re-elected - vows to stay QUEEN FOR LIFE

funnywebjokes.files.wordpress.com/2010/05/00grandma.jpg
61 Captain Poppy (#) Sep 14th, 2012 - 10:09 am Report abuse
She's regrouping lol
62 British_Kirchnerist (#) Sep 16th, 2012 - 08:09 pm Report abuse
Good move by Cristina =)
63 Captain Poppy (#) Sep 16th, 2012 - 10:00 pm Report abuse
And why is that BK?

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