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

Comments

Disclaimer & comment rules

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
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!