MercoPress. South Atlantic News Agency
How far can Argentina’s Central bank’s 48 billion USD reserves be stretched?
The dispute between Argentine president Cristina Fernandez de Kirchner and the governor of the Central Bank over who is entitled to use the international reserves triggered a legal and political battle that is ongoing. Read full article
Comments
Disclaimer & comment rulesThis analysis could only apply if it were feasible for every peso to convert to dollars and exit at the current exchange rate which in turn would rely on 1) the currency being defended by the central bank at the present rate until every peso was extinguished and 2) that no capital controls would be imposed to limit such a withdrawal.
Feb 03rd, 2010 - 12:57 am - Link - Report abuse 0Neither are likely.
If all the media is aligned against Christina..then she should be ok..<br />
Feb 07th, 2010 - 12:16 pm - Link - Report abuse 0<br />
Noone should trust the media..and especially all these attacks against the Kirchners..the 2$million exchange..this sounds like Christina is actually using reserves for benefit of people and Clarin group is defending the elites..which usually take everything..the more the media attacks Christina the more i believe her...check out what the media is doing to Chavez in Venezuela..and you'll see how reputable “established media”<br />
is..<br />
<br />
bravo Christina
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