Argentina pledges to pay bonds in US dollars and denies ‘pesification’ of contracts

Wednesday, June 13th 2012 - 06:11 UTC

Full article 5 comments

Argentine President Cristina Fernandez pledged Tuesday to make an upcoming 2.2 billion dollars Boden 2012 bond payment in US dollars, rejecting recent speculation that the government would try to pay some or all of its foreign-currency-denominated debt in Argentine pesos. Read full article

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Idlehands
We all know they will convert these contracts to Pesos eventually. It will be that or simply default on the repayments.
Jun 13th, 2012 - 06:38 am - Link - Report abuse 0
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British_Kirchnerist
They should pay back the IMF debts in pesos; if they're going to have inflation, they might as well use it =) (Please note I'm being facetious)
Jun 13th, 2012 - 10:30 am - Link - Report abuse 0
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EnginnerAbroad
Wean us of dollars oh that would be called the ban on anyone buying dollars even those who require them to meet fincial obligations. There is only one reason to nationilse the currency, to prevent the money leaving the country before the currency crashes and becomes worthless. If any Argentines diagree then I would be more than happy to sell you my pesos for dollars. Any takers? no, didnt think so.
Jun 13th, 2012 - 11:46 am - Link - Report abuse 0
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yankeeboy
This is the way for the gov't to stem the panic in advance of a massive peso devaluation. Mind you it won't work there will be hyper inflation anyway but these CFK boobs think it will. They have destroyed the economy and it is just a matter of time before it implodes.
Jun 13th, 2012 - 12:09 pm - Link - Report abuse 0
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LEPRecon
Did CFKs nose grow longer when she made those promises, I wonder?
Jun 13th, 2012 - 03:23 pm - Link - Report abuse 0
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