US dollar in Argentina’s ‘blue’ (parallel) market soars 5% on Tuesday

Wednesday, May 16th 2012 - 03:17 UTC

Full article 12 comments

The US dollar in Argentina’s parallel market soared on Tuesday as strong unsatisfied demand moved to the so called ‘blue’ market as a result of the increasing controls for the purchase of the greenback. Read full article

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reality check
Someone explain please what a “Blue” market is?
May 16th, 2012 - 05:41 am - Link - Report abuse 0
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Idlehands
I assume “blue market” is a literal translation from Spanish that loses it's meaning in English. It probably should be “grey market” as the article is talking about legal but unofficial methods of getting rid of Pesos and buying $US
May 16th, 2012 - 06:59 am - Link - Report abuse 0
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ManRod
5 percent in one day... respect ! But no fear, Argentina is doing fine on its right path, true?
May 16th, 2012 - 09:55 am - Link - Report abuse 0
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British_Kirchnerist
#3 Well as the article says this is expected to be temporary and is in part caused by blowback from Brazil's devaluation so no catastrophism here
May 16th, 2012 - 10:31 am - Link - Report abuse 0
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malen
Yes this is a mess and afects the common people, not the millonaires like her.
May 16th, 2012 - 11:41 am - Link - Report abuse 0
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ChrisR
5 malen

So why did you vote for The Mad Bitch then?
May 16th, 2012 - 12:03 pm - Link - Report abuse 0
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malen
I would have voted Scioli, I like him very much. But she didnt let him, because “she” was again the candidate. Lets hope they dont bother him in the future like they are doing to him now, because he is a possibility.
Never voted Kirchner. Voted Binner.
May 16th, 2012 - 12:51 pm - Link - Report abuse 0
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Idlehands
As the Falkland Islands are claimed to be part of Argentine territory what efforts do CFK and her cronies make to ballot the Falklanders on her presidency?
May 16th, 2012 - 01:55 pm - Link - Report abuse 0
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Condorito
@8
Stop iit.
May 16th, 2012 - 02:34 pm - Link - Report abuse 0
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ChrisR
It's amazing how many Argentinos now say they did not vote for her.

A bit like New Labour in the UK. No-one ever admitted to voting for that bunch of pratts either.
May 16th, 2012 - 03:56 pm - Link - Report abuse 0
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Simon68
10 ChrisR (#)
May 16th, 2012 - 03:56 pm

Truthfully not many Argentines did vote for her. Most of the people wo voted for her were “illegal” immegrants who were “legalized” in exchange for their vote, this of course was cheaper than buying the votes of native Argentines at ARS$50 a pop. Remember she only got 36% of the vote, not the 54% that the kirchneristas are always batting on about.
May 16th, 2012 - 04:08 pm - Link - Report abuse 0
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PirateRock
For a Choripan voters were enticed to vote for her.....fact! I witnessed it.
Did you know the law says you “must” vote. what sort of democracy is that?
No wonder the flids who voted for her took the choripan option. They have no interst in politics only where the next meal is coming from.
So if she can make more people destitute the better. More votes for next time...you wait and see!
May 16th, 2012 - 06:35 pm - Link - Report abuse 0
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