MercoPress. South Atlantic News Agency
Argentina imposes stricter foreign exchange rules to contain capital flight
Argentina imposed strict rules for operations in US dollars with the purpose to greater control over the foreign exchange market, moderating alterations in daily operations and above all to stop the haemorrhage of greenbacks estimated at 3 billion dollars a month. Read full article
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Disclaimer & comment rulesWhat little FDI they have is gong to dry up completely. Pesos are completely worthless outside of Argentina and getting worthless inside of Argentina. 5/1 by eoy then watch the panic start to set in.
Oct 28th, 2011 - 09:13 pm - Link - Report abuse 0Now that she has been reelected, she can do what she wants. Every day has brought new restrictions on business. What Banks in the US and Europe are holding the hundreds of millions she and Nestor have stolen?
Oct 28th, 2011 - 09:14 pm - Link - Report abuse 0Dear Argentina
Oct 28th, 2011 - 09:27 pm - Link - Report abuse 0Enjoy the ride to poverty. You voted for it. The bill for the free lunch just came due.
if you ask the Falkland Islands nicely they may lend you a bob or two, but then again may be not.
Oct 28th, 2011 - 09:36 pm - Link - Report abuse 0why so many haters in here?
Oct 28th, 2011 - 10:03 pm - Link - Report abuse 0the real economy is what matters.
http://seekingalpha.com/article/302886-argentina-a-serious-challenge-to-the-euro-and-economic-orthodoxy
In January 2002, the jobs program was signed into law as an emergency measure and five months later it began putting 500,000 people to work. Twelve months after that, it had employed 2 million people, or 13% of the labor force. The program offered a part-time, minimum wage public sector job to any unemployed head of household willing to work in a community project. The price tag of the Jefes plan was less than 1% of GDP.
In a matter of months, Argentina had organized projects at the federal, state, and local levels. These included large-scale infrastructure investments and massive recycling initiatives, water irrigation and soil renewal projects, health care and daycare centers, food kitchens and homeless shelters, public libraries and recreational programs, subsistence farming and elderly care programs, family violence attention centers and many others. Public sector jobs provided employment, income, on-the-job training, and education to participants.
this is more important
trolls everywhere in here
Argentina has to stand its ground against speculation attacks from the cold-blooded financial scavengers who are trying to take its economy down and bring another crisis to destabilize the country.
Oct 29th, 2011 - 01:28 am - Link - Report abuse 0@ 6 “cold-blooded scavengers” like Néstor Kirchner when he said to us “trust the peso, don't buy dollars” and he bought 2000000 US Dollars? Or when he and his wife took 500000000 from Santa Cruz citizens? Or Hebe de Bonafini and her bank accounts in Paris and Miami? I can continue all night. You trust the Peso I'll trust another dear José :)
Oct 29th, 2011 - 01:51 am - Link - Report abuse 0#5 - I am pleased with your positive statements about all the work and employment in Argentina. The latest figures show that 29% of all Argentines between the age of 15 and 24 are not attending school and are not employed. What a wonderful future for Argentina youth.
Oct 29th, 2011 - 05:13 am - Link - Report abuse 0Care to comment, comrade Think?
Oct 29th, 2011 - 09:27 am - Link - Report abuse 0(9) Isolde
Oct 29th, 2011 - 10:00 am - Link - Report abuse 0What do you want me to comment on, dearest?
The fact that Argentina, with those new rules,i s coming in line with the rest of the civilized world?
I quote from the article:
”A first rule establishes a mechanism of sworn statements for operations over 250.000 dollars in a calendar year and with no specific purposes.
Besides making a formal statement of personal assets the buyer must explain the origin of the Pesos to acquire dollars.
According to the Central bank the target is “to restrict operations with funds originated in the informal market which attempt to elude foreign exchange rulings”.
Do yourself a favor before overloading your pretty little mind even further….
Ask your local Stanley Bank what the rules are to buy 250,000 U$S and transfer them out of them Islands……
Try then in the UK…..
Or in France, Italy, Germany…
Or even in freaking bloody Sweden :-)
Do you get my point Sweety-Pie?
Thank you for your comments, m Think. l knew you would not be able to resist.
Oct 29th, 2011 - 01:18 pm - Link - Report abuse 0My my, did we touch a raw nerve? Just love the insults, don't we?, my little Danish pastry with cream on top.
Put the whiskey away & go and have a mug of coffee. Peace♥♥♥
“My little Danish pastry with cream on top”
Oct 29th, 2011 - 02:57 pm - Link - Report abuse 0Danish?
Bloody Denmaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaark!
Do I write like a Daaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaane?
Do I smell like a Daaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaane?
You............................, you......................................................................PominFk
Argentina has problems with its currency in a world submerged in crisis. But make no mistake, France, England, Spain, Italy and many other countries in the world would definitely love to have the low public debt and foreign debt ratios Argentina has today.
Oct 30th, 2011 - 02:17 am - Link - Report abuse 0@12Think,
Oct 30th, 2011 - 12:03 pm - Link - Report abuse 0Yes, Think, Danish.
lf you care to go back to your post #62“Can the Falklands diversify etc etc”, you will find that you used the Danish edition of Google to find the explanation of “squatterette”.
Of course anyone could do that, but why? Why not use English or Spanish.
Jupppp, you are a Dane.
And a BIG thank you for using “Fk” for the Falkland lslands.
Now we're getting somewhere, my sweet little glass of CherryAquivit.
(14) Well spotted Sherlock Isolde!
Oct 30th, 2011 - 06:31 pm - Link - Report abuse 0Or should I call you PHILette Schneider?
Anyhow, I have never made a secret of my Scandinavian roots and connections.
But, I’m still not Danish!
@15Think,
Oct 31st, 2011 - 09:28 am - Link - Report abuse 0Suuuuure.lf you say so.Well l don't really care where you're from.
You are still wrong about the Falklands & you know that you are wrong. Haven't you ever done your own independent research? Or do you believe all that you were taught at school?
Or are you so blindly anti-British & will join any cause that will cause her trouble?
Your country has nothing to offer us & doesn't offer anything but threats.Whether you agree or not, the simple fact is that Argentina has no rights at all in the Falkland lslands. Get used to it.
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