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Montevideo, November 24th 2017 - 07:38 UTC

Fear of a Cristina Fernandez comeback has cost the Argentine central bank over a billion dollars

Thursday, August 10th 2017 - 09:43 UTC
Full article 5 comments

The Argentine primary next Sunday when the different parties will choose their candidates for the midterm elections of 22 October, and the possibility of a comeback of ex president Cristina Fernandez, and all that she represents, has cost the Argentine central bank so far over a billion dollars in the last ten days. Read full article

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  • Marti Llazo

    “...the [Argentine central] bank has more than sufficient reserves.....”

    All of it borrowed, at substantial interest rates, by selling unsecured junk-rated bonds.

    Argentina, the 3-D country: Deficit, Devaluation, Default.

    Aug 10th, 2017 - 08:57 pm - Link - Report abuse +1
  • Enrique Massot

    What an interesting way of underscoring the influence of CFK in Argentine politics.
    She does rather well in opinion polls--just as a candidate for senator--and the dollar goes crazy?
    Has Cristina gathered so much steam? Is the vote intention being taken as a sign that Argentines are rejecting Macri politics? I would say it's both.
    The Joyful Revolution could only go so far.

    Aug 11th, 2017 - 03:54 am - Link - Report abuse -3
  • Marti Llazo

    CFK has discovered a new way to cost the nation another billion dollars. And reekie is soooo very proud of that.

    Aug 11th, 2017 - 02:47 pm - Link - Report abuse +2
  • Enrique Massot

    ML subscribes to the crazy theory that the--potential--election of Cristina as senator is costing the nation “another billion dollars.”

    Pretty soon we'll see a judge opening an investigation against Cristina, adding the one about the “dollar future.”

    Corruption “K” at its best.

    Aug 11th, 2017 - 04:52 pm - Link - Report abuse -1
  • Marti Llazo

    If reekie had read the news note, and attempted to understand it, he might have observed how the mere mention of CFK can cost this country a billion dollars in central bank reserves.

    Aug 12th, 2017 - 02:37 am - Link - Report abuse +2

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