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Argentine central bank purchases 500m dollars to stop appreciation of the Peso

Friday, July 15th 2011 - 06:13 UTC
Full article 6 comments

The Argentine Central bank has purchased so far this week 500 million US dollars to ensure that the country’s exporters retain a favourable exchange rate and importers are not that tempted to buy foreign goods. Read full article

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  • ManRod

    “...to stop appreciation of the Peso”

    Did i miss something? I am following the value of the peso on a regular basis since quite some years. It's currently @ 4.15 pesos a dolar, the lowest value since about a decade! How could they say, they are fighting apreciation?!? I don't get it.

    Jul 15th, 2011 - 11:41 am - Link - Report abuse 0
  • Think

    (1) ManRod

    You ask:
    Did I miss something?

    I say:
    Jupppppp…………………………………
    You just happen to miss the economic cornerstone of the Argentinean recovery of the last 8 years:

    **Keeping the value of the US dollar high and the value of the Argentinean peso down.**

    Anybody commenting about Argentinean economy without knowing this fact has not great chances of success................................
    A bit like trying to analyze Chilean economy overlooking Chile’s cobber production……
    Or Saudi-Arabia’s economy disregarding oil………..

    Not very smart.

    Jul 15th, 2011 - 03:18 pm - Link - Report abuse 0
  • Artillero601

    Off topic but related :

    http://www.lanacion.com.ar/1389803-por-culpa-de-la-corrupcion-kirchnerista-se-arruino-el-prestigio-social-de-las-madres

    Jul 15th, 2011 - 05:57 pm - Link - Report abuse 0
  • GA3

    more details:

    Mayo 2010: Venta del semipiso de avenida 44, escriturado por 25.000 dólares, pese a estar tasado en 120 mil dólares...... Tax evasion anyone? from members of a Human Right Organization ? this is not about pain and suffering , this is about using politics for personal gain. Right Hebe?

    Jul 15th, 2011 - 06:05 pm - Link - Report abuse 0
  • ElaineB

    @3. Has CFK responded? Did she say, “ Look! Over there! They stole the islands from us”? (Just joking).

    Jul 15th, 2011 - 06:39 pm - Link - Report abuse 0
  • malen

    if this is the best of english humour then i understand why men prefers to dress like women at parties...

    Jul 17th, 2011 - 03:11 pm - Link - Report abuse 0

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