Argentine forex market volatility calming but fears remain as to next steps

Tuesday, November 15th 2011 - 06:50 UTC

Full article 4 comments

Argentina's central bank cut dollar reserve requirements after bank deposits plunged 645 million dollars last week following the government's moves to restrict foreign exchange purchases in an attempt to reduce capital flight. Read full article

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Pirat-Hunter
there are 2 solutions to this, 1) A 50% fee on all foreign exchange, I think western union charges high fees to wire money and that doesn't stop immigrants from sending money home. 2) nationalize the banks and change the currency to gold weight in coins. I am sure the CIA can print any money you'll never beat the system, we are all better of letting the system beat them.
Nov 15th, 2011 - 09:37 pm - Link - Report abuse 0
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xbarilox
@ 1 I like the fact that you want Cristina Fernández de Kirchner to commit suicide, from now on we are best friends :)
Nov 16th, 2011 - 02:52 am - Link - Report abuse 0
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GeoffWard2
I saw lads drown on Itapuã Beach yesterday - though my surfer-friend and his fellow-surfers saved others . . . .

CFK is not trying to commit suicide, she is like the lads drowning in the tide-rip.
Like CFK, they disregarded the signs - BIG warning signs - and thought they could swim against the tide.
It's heartbreaking when you see that they are not going to make it. . . . and Globo News shows a covered corpse this morning.

Good luck, Christina, we know it's not suicide . But those BIG warning signs were erected around the Millenium and their message should be imprinted on your brain.
Nov 16th, 2011 - 09:05 pm - Link - Report abuse 0
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ElaineB
Sorry you had to witness that, Geoff. Very sad indeed.
Nov 17th, 2011 - 08:45 pm - Link - Report abuse 0
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