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Montevideo, May 24th 2022 - 11:34 UTC
The administration of President Dilma Rousseff will be sending the bill creating the Bank of the South to congress next month, since this financial institution “will help the region address the global crisis”. Read full article
No UK, sorry.
No UK, sorry.
They are broke, though they keep on printing funny money what isn't worth the paper they print on.
When this was first conceived Arg had some reserves to capitalize it now they don't. The reserves are getting very low and soon won't be able to support their currency. They spent U$200M YESTERDAY supporting the peso! That can't go on for too much longer.
2. I don't think you follow the currency market, the Pound has been steady to up for a long time right around 1.55/U$ and it's way up against the Euro. Are you just trash talking or you are just un-informed?
It is going to take this bank a long time to get to where it can actually start to lend. Who is going to buy the bonds? There is no record and it will be weighed down by the defaulted and poor pay creditors like Arg, Ecuador and Bolivia. I wonder if they will they denominate those bonds in U$ subject to our laws etc?
not clear that this bank will be used for ...!!
As long as no one from Argentina is allowed anywhere near the management of this 'bank' and the money or it will all suddenly 'disappear'.
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