The Argentine central bank has informally “suggested” the banking system to limit the advances (in dollars) of credit card holders overseas, reports the Buenos Aires financial press. This is seen as another tightening of the dollar clamp imposed by the administration of President Cristina Fernandez to retain much needed foreign currency.
South America's cruise industry has been growing fast and holds vast potential, but the region must work together to tackle issues, create demand and rein in costs, said speakers at the Seatrade South America Cruise Convention in Buenos Aires.
Anticipating a greater demand for housing from oil developers and support activities the Falkland Islands government is advancing plans to further expand Stanley. Additional funding to take in phase two of the Sapper Hill housing development to the south of Stanley has been approved by the Standing Finance Committee totalling £1.3 million for a further 27 housing plots.
The individual average annual income of the Falkland Islands residents totals £ 20.100 (approx 32.000 US dollars) according to data from the latest 2012 Census, which also showed an exceptionally high economic activity rate and a very tight labour market with just 1% unemployment and 20% of residents with a second job.
Argentine main opposition groups, parties and unions, have been rallying in an attempt to counter the alleged intentions of the Cristina Fernandez administration to sponsor a constitutional reform that would enable her to bid for a third consecutive presidential mandate in 2015.
Finally the Argentine Foreign Minister Hector Timerman family decided not to celebrate the marriage of their eldest daughter Jordana in Uruguay’s most exclusive resort but rather in Buenos Aires.
While most Argentines face increasing difficulties to access to US dollars, to travel overseas or use their debit and credit cards abroad, (the famous ‘dollar clamp’) one of President Cristina Fernandez most notorious and loquacious ministers, Hector Timerman is organizing a three-day major splash at Uruguay’s most posh resort to celebrate the marriage of his eldest daughter.
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.
Argentina’s August inflation index based in the analysis of nine private agencies and released by Congressional members from the opposition climbed 1.9% against the previous month, the highest in the last four months.
Cordoba’s governor picked up the glove and replied to Argentine President Cristina Fernandez statements on God and fear arguing that God cannot be feared; I learned not to fear God or any other kind of governing body, however powerful they are”.