MercoPress. South Atlantic News Agency
Argentine resident can only purchase “tourist dollars” through banks
The dollar clamp continues to advance in Argentina: foreign currency for overseas travel will only be available in the official market with a bank check or debit from the buyer’s current account. This is considered the latest interpretation from last week’s resolution banning savings in the US currency. Read full article
Comments
Disclaimer & comment rulesVery rightful step.
Jul 13th, 2012 - 10:12 am - Link - Report abuse 0How do the population put up with this crap?
Jul 13th, 2012 - 10:28 am - Link - Report abuse 0There is some really scary issues going on right now. I think CFK is in panic mode and has no idea what to do so she is lashing out.
Jul 13th, 2012 - 11:33 am - Link - Report abuse 0A guy who owns a Real Estate company in BA was interviewed by a
newspaper and complained about the HUGE drop in business due to the lack of U$.
The next day his business was invaded, ransacked and “audited” and lo and behold shut down over tax irregularities! This is the same as trashing the presses of a newspaper that prints a story the gov't disagrees with, intimidation and show of force to keep everyone else passive.
The end of their fragile democracy is near.
@3 Was one of the ransackers as wide as he is tall, did he walk with a limp and did he have ketchup down the front of his black shirt?
Jul 13th, 2012 - 12:02 pm - Link - Report abuse 0Who will buy my beautiful bananas? :-)
Jul 13th, 2012 - 12:10 pm - Link - Report abuse 0@1 Yes good idea. Who cares about all those workers in casa de cambios who will now be out of a job because the government cant sort out its bloody economy and has to impliment Draconian controls on the purchase of foreign currency.
Jul 13th, 2012 - 12:27 pm - Link - Report abuse 0It is a key indicator of a failing economy when you wont let people buy and seel currency as the want and need. It shows the pesos is devaluaing and will soon crash just like the old peso and just like the Austral.
@3
Jul 13th, 2012 - 01:02 pm - Link - Report abuse 0Yup, I read about this today. As a pre-emption to all the Ks who support this, maybe there were tax irregularities or maybe there weren’t. We won't know for sure. However, it is absolutely no coincidence that he complained openly about government policy and was shut down soon after. There is a similar precedent with the inability of firms to report inflation figures which are not the same as government inflation figures.
@7 and 3
Jul 13th, 2012 - 01:13 pm - Link - Report abuse 0It comes as no suprise to me here in Argentina. I talk with many of my friends openly here in Argentina and they tell me I need to be less out spoken and not so critical of the government (they actual pull their bottom eye lid down, which is a gesture here to mean caution) as there is a chance that pro CFK supportes will report you to the authoristies and look into your affairs.
I am not saying it actuall goes on but people here are certainly paranoid about it. Im off to read 1984 now and brush up on my defifntion of thought crime.
RGs seem to forget that a mere 30 yrs ago the Ford Falcon were waiting for you if you spoke out against the gov't.
Jul 13th, 2012 - 01:23 pm - Link - Report abuse 0Do you really think much has changes since then?
If it can happen then it can happen now they may just use different methods to get to the same end.
Don't think that the editors of Clarin and Lancion (etc) don't have all of their families under protection. Accidents happen. Mugging gone wrong etc etc.
These people are ruthless and will do anything they must to stay in power.
Just watch what happens now that the $ has run out and they can't easily buys support. Cornered animals are dangerous.
In US; the people does never knows the foreign currency and their transactions..becouse this country use only its own reserve determined money $.
Jul 13th, 2012 - 02:10 pm - Link - Report abuse 0In UK : the private sector holds 1/5..the public sector holds 1/7 of their money as foreign currency in the banks.
In ARGENTINA; the private sector holds only 1/22 of their money as foreign currency in the banks..so less riskier than UK and other EU countries...but i back this government decision to precaution.
LightThink is an apt decription of your posting ability. Your post is either a translation Fail or economics fail. Which is it?
Jul 13th, 2012 - 02:14 pm - Link - Report abuse 0You do know the reason you need U$ is to pay for imports right? NOBODY TAKES PESOS OUTSIDE OF ARGENTINA and maybe soon not inside either.
@10 so you're saying that they have almost no hedge against devaluation. explain why it is good to have no hedge in this instance
Jul 13th, 2012 - 02:15 pm - Link - Report abuse 011
Jul 13th, 2012 - 02:22 pm - Link - Report abuse 0I talk about horses...you talk about giraffes.
No need to hold foreign currency at individual levels to make importing
transactions.Already all banks have foreign currency reserves to service
imports easily.
. . . . . .
12
Banks' interest rates are eligible levels to tolerate likely Peso fluctuations
no need to hold foreign currency to hedge.
@10
Jul 13th, 2012 - 02:25 pm - Link - Report abuse 0the problem is because of inflation and the history of financial crashes many of Argentines are extremly wary of holding any money in Pesos (which I will refer to by its international montary code ARS).
The problem with currency natinalisation is
1) It is state interference in the lifes of its citizens
2) It is an extreimly poor second to controlling inflation. If inflation was lower Argentine savers would not feel a need to palce their money into a currency which is stable and backed by a signficant capital reserve.
The Argentine capital reserve is extrimly depleted (or not exisitent, depending who you believe) and as such the currency is open to massive devaulation making all those savers in ARS far worse off. If inflation continues at the current rate then your ARS savings will be worth approxiamtly 20% less this time next year. The dollar controls are to prevent capital flight from devaluating the ARS (which shows how fragile the ARS actualy is, i.e. not even the people believe in it). Europe and the US have histroical stable currencies backed up by significant reserves and as such we do not need to restrict capital flight and as such do not restrict people who choose to hold their savings or money in foreign currency. Private firms in the UK hold a lot of their money in Euros because Europe represents a large trading ally. My opion on the euro is currently on hold as we see the situation develop by the Euro is fairly stable as a result of being supported by multiple cpaital reserves and the risk is shared across mutiple nations inc Germany and France.
Has SA everythought about using a single currency to provide a more stable currency with the risk shared?
14
Jul 13th, 2012 - 02:36 pm - Link - Report abuse 0Engineer
You should think the Economy in social science/sociology principles not in the mechanic engineer thinking.
dont believe some economists' mathematical dense econometric models ,all are real world off.
my reply to you could be comment 13.
Let my try to explain to you S L O W L E Y, companies such as YPF, Ford, GM Renault, etc etc etc all need to import products for their production in Argentina. They need U$ to be in the banks to pay for them right?
Jul 13th, 2012 - 02:38 pm - Link - Report abuse 0Do you think the U$14BILLION of LNG you need this winter is paid in Pesos?
You are a dolt.
@13 You aren't making sense. If there is a 20% devaluation of the peso in the next year and inflation keeps at 30% you would need to hedge or you'll find that your banks effectively are uncapitalised. Your explanation doesn't work, you know it and so does everyone else.
Jul 13th, 2012 - 02:44 pm - Link - Report abuse 0@15 your comment in 13 is not sensesical.
Jul 13th, 2012 - 03:06 pm - Link - Report abuse 0Banks are being told to lend money (by the government) at rates lower than inflation. therefore they are highly likely to loss money in loaning. This makes the bank loss money and fail.
As 16 says it is not the government that needs the dollars for import it is the compnaies and they are having there access to dollars restricted therefore cannot import equitment and parts, therefore have to cut production, therefore reducing GDP, therefore slowing growth, therefore going into recision, therefore stagflation, therefore hyper inflation, therefore collapse.
To think of economics as a social science or sociology porinciple is exacly what the Argentine government is doing and it isnt working is it? If it was there would be unrestricted access to forign currency (like there is in most the world) or do you actual belive that a government imposing these restrictions is a sign of wealth and success?
Last time I checked economics is a math based science, yes they are based on asusmptions and predictions but they are also grounded in statsicstical analyses and often rationilsed using monto carlo simulations etc, so althought the models are to complicated for your government to udnerstand they do give a smoother predicttion based on large scale factors of safety and an anlayses on trends. This is how the rest of the world runs its economical policy and so far it dosent look like it is collpasing. Yes Europe and Ameirca had problems, the difference was the treasuries have the money needed to prop the banking system up and prevent default and a economic collapse, Argentine does not have this capital avalible. That isnt a compliated model or social science it is simple maths.
16
Jul 13th, 2012 - 03:11 pm - Link - Report abuse 0dont forget Argentina has Current Account and Foreign Trade surplus means that the Economy machine produce money(foreign currency)
permanently.
. . . . .
17
If 20 %...If 30 %......if ...if ...if.............
-------------------------------------
Argentina Banks are well capitalized...
Non performing loans .....1,6 % total.
(this number was 19 % in 2002 depression )
Provisions/Non performing loans ...160 %
(this number was 70 % in the 2002 depression)
Last 12 months banks' profits ... 17 billions Pesos.
@ 18 and what would you expect from someone like #15 who believes Economy is about socialism, feelings, love, hugs and not about numbers hahaha He's a walking dead brain.
Jul 13th, 2012 - 03:14 pm - Link - Report abuse 0@ 15 You're so funny with all your usernames: LightThink, MistyThink, El Cura F, Sophie, Truth Telling Troll, Tobias, O'gara, British Kirchnerist and many more lol What about having a life?
@19 Your central bank says that the peso will devalue by 20% next year. Inflation is currently at 30%.
Jul 13th, 2012 - 03:20 pm - Link - Report abuse 018
Jul 13th, 2012 - 03:23 pm - Link - Report abuse 0My post 19 could be a reply to you..
. . . . . .
21
I never heard !
dont believe the press like Clarinette.
@22
Jul 13th, 2012 - 03:25 pm - Link - Report abuse 0Ha ha, then you're an idot if you can't even see what is in front of you...if it were a snake it would bite you
23
Jul 13th, 2012 - 03:33 pm - Link - Report abuse 0The clarinette is too long instrument ... isnt it !
@24 Makes about as much sense as your posts on economics
Jul 13th, 2012 - 03:37 pm - Link - Report abuse 0@19
Jul 13th, 2012 - 03:39 pm - Link - Report abuse 0Economics is about developeding and predicting trends so when they say if it is not just a gues it is a well thought out and predicted if.
Argentine banks are well capitilised - Really against the rising inflation. Many of your largest banks are foreign (Santander Rio) and if they do not see a return on investment they will leave, there not here because they want to help.
The trade surpluis is reducing thougth isnt it? as a reuslt of protectionist measures many countries are turning there back in importing argentine goods and foreign investors are all reviewing their operations in Argentina. Without the trade surplus you lose all access to foreign money and currency.
You didnt answer my question do you believe that restricting access to doller purchase is a sign of success in the economy?
Your numbers are fine for now (banks are very carefull who they loan to) but when Argentina enters a recision (as a result of negative growth brought about from world issues and a crazy economic plan), has large inflation, cannot borrow from international markets, uses more and more of the capital reserve to pay its international loans (hence why they need the dollars), while contiuning to lie about the economic statsics (if the IMF pull their office out of your country its a good sign they believe your figures are lies), the government forces banks to lend at intrest rates lower than inflation, the numbers who quote will dramatical alter and wipe out the capital held to protect them. Like I say the bigger international banks will leave taking their money, jobs, investment with them only increasing unemployment, lowering growth and ultimatly increasing inflation, removing capital and collapsing the economy.
24 LightThink (#)
Jul 13th, 2012 - 03:41 pm - Link - Report abuse 0Do something clever, go to your local supermarket and ask the manager for a price list from this time last year and compare it with today's prices, I think you will find an increase of between 25 and 35% depending on where you live (Bs. As. will be closer to 25% and cities of the interior closer to 35%).
Ignore him. He is just a wind-up artist. No-one could be this stupid. It isn't possible.
Jul 13th, 2012 - 03:46 pm - Link - Report abuse 0Ok some simple maths: (Currencies are equiveilent not necessarly what they are held in)
Jul 13th, 2012 - 04:03 pm - Link - Report abuse 0Argentine GDP = US$ 716.4 billion
Argentine National Reserve estimated at US$ 48.6 billion
Therefore reserve = 6.8% of GDP.
Therefore if GDP was the fall by 6.8% (and there is a rick when the manufacturing is shrinking and accounts for 20% of GDP, 14% is toursim which is falling as a result of inflation making it more expensive, Agriculture is 10.3% and falling and real esate is 10.3% and falling)
If the government didnt want to pass those economic chnages to the people it would wipe out the reserve held. This does not account for inflation either and the fact that even if we take the governemnts word and inflation is at 10% then a propertion of US$ 48.6 Billion reserve will be worth 1o% less in a year.
29. I think if you went back and accounted for all the reserves being spent, the REAL hard currency reserves you will find they have about U$11Billion in available funds. A lot of the “reserves” have been replaces with Arg Treasury Bonds and a LOT of U$ have fled the system the last year.
Jul 13th, 2012 - 04:12 pm - Link - Report abuse 0There is no way there is anything close to the U$48B they claim.
@30 agreed my point was even if we use the governments own figures it looks pretty awful. If we use independent figures (to which think will ask how we can trust those pesky international vultures who all want to see the economy fail, because they like losing money apparently) it looks disatrous.
Jul 13th, 2012 - 04:16 pm - Link - Report abuse 0There is a fantastical malvinense theory that the “hegemonic” press (Clarín and La Nación) want the Argentine economy to fail!!!!
Jul 13th, 2012 - 05:05 pm - Link - Report abuse 0This is so ludicrous that it is beyond words. But to combat this stupidity: Can anyone really think that these business men would want the economy in which THEY LIVE to fail, thus losing them their fortunes and way of life?
#2 Because most are not rich enough to be affected, and the safeguarding of the national currency actually helps them
Jul 13th, 2012 - 06:23 pm - Link - Report abuse 0#20 Socialism is very much about economics. Economics can be about socialism or not, in recent times its failed where too much about banking and capitalism...
#32 I don't know what's “malvinese” (I take it you mean malvinista, not Falkland Islander!) about suspicion of the press, seems just sensible to me coming from the land of the News of the World. Plus the fact that Clarin et all were hardly principled anti-malvinistas, they were Galtieri et all's biggest supporters, which is why they were given stolen children as a reward for their loyalty...
does this mean a restiction of her people leaving the country, or only those that can afford it.
Jul 13th, 2012 - 06:45 pm - Link - Report abuse 0Bk you talk some shite and as always try to change the subject. do you live in Britain?
Jul 13th, 2012 - 07:33 pm - Link - Report abuse 0I think you will find that the DNA tests proved the Clarin owners children were not stolen babies. Facts always trump propaganda. Keep up.
Jul 13th, 2012 - 07:34 pm - Link - Report abuse 0I absolutely agree that no Argentine has a vested interest is seeing Argentina fail. I can't see how anyone outside of Argentina would wish it upon the population if they have spoken face to face with people who lived through the last crisis. I think this is being confused with a desire for the corrupt fascist government of CFKC to fail quickly, for some lessons to be learned and for the country to thrive with good government. With a change in attitude Argentina could be a great country again.
The idea that the poor are immune to the effects of CFKC's failed economic policies shows intellectual poverty. The poor will suffer when they cannot afford food and basics, and destroying the middle class once again will take away all incentive and desire to ever work, save and put something back into society. It breeds a feral society of every man for himself and a willingness to sell one's grandmother for a bag of flour. Poverty is ruthless.
The rich - like Cristina herself, her family and yes men - will all survive with their wealth intact. Though they may need to relocate.
& 36
Jul 13th, 2012 - 07:47 pm - Link - Report abuse 0You are very realy intelligent person
Britain does need you.
@36 well said
Jul 13th, 2012 - 08:14 pm - Link - Report abuse 0#36 If the (partial, I think) DNA tests showed in the end the babies weren't stolen, why did they resist them for so long? Maybe even if they weren't stolen the Clarin family thought they were! They were definately close supporters of the junta
Jul 13th, 2012 - 08:24 pm - Link - Report abuse 0@39 you tell us you know it all
Jul 13th, 2012 - 08:42 pm - Link - Report abuse 0BK, what about their privacy? The kids committed no crime and were PENETRATED with a SYRINGE without their consent and had their blood extracted to satisfy the whim of an “elected” official and her mob.
Jul 13th, 2012 - 08:49 pm - Link - Report abuse 0It was an act of violece pure and simple and again CFK is shown to by a egomaniac and tyrant.
@39 That is such bollocks. Why should the Clarin family be forced to dance to the tune of innuendo and false allegations by a mad bi-polar nit-wit.
Jul 13th, 2012 - 09:02 pm - Link - Report abuse 0The adopted children did not want to be subjected to forced DNA tests against their wishes and in breach of their human rights. Of course, we know human rights are of no interest to CFKC on one of her crazed, paranoid persecutions. She was proved wrong, again, but the woman has no shame. She should have been sued by the Clarin family.
If CFKC is doing so well, why are the masses turning against her and rioting in the streets? Her main supporters, the unions, no longer support her and if you had ever set foot in Argentina and made friends and contacts there you would know there is a growing realisation amongst the people that voted for her that she is incompetent, a liar and driving the economy off a cliff.
37.... RG land needs intelligent people, if they had some they wouldn't be in such a dire position. Iam sure you have some, have any RGs ever invented anything??????
Jul 13th, 2012 - 09:13 pm - Link - Report abuse 0BK why do you keep responding, your knowledge is shite, you have still not answered my question do you stay in Britain and enjoy your free NHS, state benefits etc etc, you constantly state facts (according to you) that get shot down in shit, are you living in rgenweener? Just tell us the truth, not hard is it although i think we already know (time for a name change) you proclaim to be clever whilst making yourself look like an idiot everytime you type, time for some stronger tissues mate
Jul 13th, 2012 - 09:14 pm - Link - Report abuse 0$6.14/1 today...
Jul 13th, 2012 - 09:32 pm - Link - Report abuse 0CFK borrowed ANTHER 2BILLION from Banco Nacion...is there anything left there? Of course it was borrowed AT LESS THAN THE INFLATION RATE PAID OVER 2 YRS.
How many industries can she destroy before she is gone...all of them? I wonder?
All this madness, the protectionist policies, the nationalizations, the futile efforts to stop people from possessing dollars, doctoring inflation figures, these are all mere symptoms, like ulcers that erupt in a man infected with syphilis, but beneath lies the real and systemic damage to the social and economic fabric, turning a country of middle classes into one of poor people.
Jul 13th, 2012 - 11:11 pm - Link - Report abuse 0CFK is desperately printing lots of pesos because she and her friends feel the show must go on, because they know people smell there is big rat in their pesos, and the moment they start trading them for US Dollars, there will be a run against the peso and the central bank will be busted again. There won´t place to hide.
#41-42 Thats so lame, they had the chance to put put all suspicion to bed easily with a noninvasive minor procedure and chose not to and instead dragged out the suffering of the families of the dissapeaered for years in legal warfare, if they really believed all along they definately had nothing to hide it actually makes their intransigence all the worse as it would simply be gratuitous cruelty rather than cruelty motivated by fear. As for the Clarin family suing anyone, if they already own £35 billion the idea of anyone else being made to give them more money is uttterly obscene, they could have most of that taken and directly transfered to the poor and they, unlike the poor, wouldn't even notice!
Jul 13th, 2012 - 11:15 pm - Link - Report abuse 0Freedom is on life support in Argentina. This is very sad, but I'm having a good time watching EngineerAbroad mop the floor with LightThink. “It is state interference in the lives of its citizens.” Failure to understand this point is probably the biggest blind-spot of millions and millions of Latin-Americans.
Jul 14th, 2012 - 03:13 am - Link - Report abuse 0Bk you are very dumb
Jul 14th, 2012 - 04:42 am - Link - Report abuse 0The Clarin family EARNED their money, unlike CFKC who STOLE her considerable wealth. Why doesn't CFKC put her money where her trout-pout is and give all her stolen money to the poor?
Jul 14th, 2012 - 09:58 am - Link - Report abuse 0You do know that CFKC is extremely rich don't you?
#50 Are you joking, its been inherited through generations. And more importantly, “earned” by spreading Murdochesque lies. Now its going to cascade down not even to actual hereditary heirs but the possibly kidnapped and brainwashed children of murdered activists. They're definatley going to take over despite doing nothing, hiding in complete seclusion even from their own family's media, kinda like the scare stories you spread about Maximo “inheriting” the Presidency except he'd have to win an election and hasn't even indicated that he'll stand. You've just lost all credibility defending this corrupt clique
Jul 14th, 2012 - 12:14 pm - Link - Report abuse 0BK Inherited is earned, someone had to make it sometime..you dolt!
Jul 14th, 2012 - 12:53 pm - Link - Report abuse 0Plus under your logic a girl deserved to be raped because she was in the wrong place at the wrong time.
You have a screw loose...loser
@51 Do you think for one moment that a useless lump like Maximo would hold the power he has without his parents being in power? He has never gain a single job on his own merit. How do you find that acceptable? How do you find it acceptable for him to be flown on a Presidential plane for knee-ache when he could easily have been treated at a local hospital. Surely CFKC should have paid for that out of her own pocket and donated an equivalent amount to the poor?
Jul 14th, 2012 - 03:56 pm - Link - Report abuse 051 British_Kirchnerist (#)
Jul 14th, 2012 - 04:05 pm - Link - Report abuse 0Stop spreading lies, BK. Clarín is a very respectable newspaper that happens to be against the kirchnerist plague, they were not supporters of the military government, unlike La Nación, but were quite outspoken against the milicos, to such an extent that several of their reporters had to go into exile.
The personal hatred shown by Kretina for Mrs. Noble is absolutely disgusting, it was she who sed the Grandmothers of Plaza de Mayo to force the poor children to do the DNA test when they knew perfectly well that they had not been stolen from left wing terrorists.
Cool I believe that do to national security in Argentina the dollar should be illegal and as serious of an offense has trafficking drugs. Support the national industry and give up the dollar.
Jul 14th, 2012 - 05:54 pm - Link - Report abuse 0& 46
Jul 14th, 2012 - 07:13 pm - Link - Report abuse 0Keep your energy for Mexico articles.
#52 “Inherited is earned”
Jul 14th, 2012 - 07:29 pm - Link - Report abuse 0You really are a loony right wingnut
“Plus under your logic a girl deserved to be raped because she was in the wrong place at the wrong time”
Eh?! What the **** has that got to do with “my logic”
#53 I wouldn't call Maximo a useless lump but neither do I think he has much power, certainly not the power ascribed to him by the anti-Ks, what he has is his mother's ear and you can't really stop that in a family. But if you object to him even being able to advise his own mother based on heredity (ie being her son) what about the Clarin “children” (still known as “the children” I think despite being in their 30s) inheriting all the power of the Clarin Group having donbe ABSOLUTELY nothing their whole lives, just because they are the adopted and quite possibly kidnapped children of the previous owner. Even James Murdoch at least pretends to work for his dad!
@57 Can you not see how ridiculous your posts are?
Jul 15th, 2012 - 12:20 pm - Link - Report abuse 0Elaine I am pretty sure BK is a Guzz persona..
Jul 15th, 2012 - 01:54 pm - Link - Report abuse 0nobody is that off the wall and have the ability to form somewhat coherent sentences or in other words I don't think they have internet access in asylums...
Peso now $6.17/1 Blue Rate $6.72 Leak Rate...they can't keep this delta up for much longer.
Hmmm I think I said 7/1 by eom July and it's right on track
@59 Yeah, I realise you cannot reason with the unreasonable. I think sometimes it is worth highlighting how ridiculous CFKC supporters on this board are but expect no reasonable outcome.
Jul 15th, 2012 - 06:22 pm - Link - Report abuse 0I would really like to debate with an intelligent supporter of CFKC. One not blinded by creepy obsession or pure anti-British diatribe.
Me too. I just have not found one that is worthy of debating. I don't think they teach debate in Argentina ( or math, economics or history).
Jul 15th, 2012 - 06:44 pm - Link - Report abuse 0BK turns my stomach, he/she is obsessive and absolutely nuts. That is why I think it is a made up persona of one of our other posters. Sometimes I think there're only a couple real posters from Arg. The rest are made up of 1 person pretending to be a character from somewhere else.
Witch economy does Argentina needs to help??? US or Argentina's??? We all know or heard Argentina's economy is shaky according to people's views and it is only logical that Argentina puts an end to the usage of US dollars if we want Argentina's economy to thrive. Sorry but all the trash talk about Argentina's economy is having its effect on Argentina's parliamentary desitions, for this reason I am thankful for all the trash talk about Argentina's economy, it did what many corrupt politicians couldn't or refused to do. US dollars should be illegal tender and that's how you use right to self determination. I would go as far as allowing people to have U$ dollars if they pay 50 to 60% fee. If western Union can do it why not a country????????
Jul 15th, 2012 - 06:55 pm - Link - Report abuse 0And in other news we see the dollar clamp at work on the ground again. My father in-law just tried to buy some dollars (in Argentina) to put into my (Argentinean) dollar account so that I could buy his daughter (my wife) a birthday present over her so she can have something on her birthday. He went to AFIP to but his US$ with all the paperwork and was rejected outright. He was told that US$ can now only be issued for travel purposes and nothing else. He challenged them about it and was told that this was now the case and, in any event, they were not going to issue US$ today, or tomorrow, or the next day. Their final word was, come back sometime next week but good luck with getting any, try the black market.
Jul 16th, 2012 - 08:55 am - Link - Report abuse 0He is now upset/annoyed as he doesn’t want me to fork out the cash now and get paid back in a few months. I don’t really mind asit isn’t much but this is just stupid. The whole system revolves around BS. All he wants to is buy his daughter an effing present and he can’t even change a small amount of US$ because AFIP are a bunch of lying cnuts. This is one of his statutory rights of his for FFS and it isn’t like he works for “an evil corporation”, he is a university professor. Pathetic government, pathetic attitude. If people can’t buy US$ just say, have some balls FFS, don’t just hide behind a web of lies. This wouldn’t happen in a serious country.
#58 No. Tell me...
Jul 16th, 2012 - 01:01 pm - Link - Report abuse 0#60 I'm not anti-British, I am British! As for “creepy obsession”, well I do like and defend her, its what being a “supporter” means!
63 Welsh Wizard (#)
Jul 16th, 2012 - 01:44 pm - Link - Report abuse 0I sympathize with both you and your father-in-law in this miserable situation. We have a similar problem with my mother-in-law, who at 95 years old needs hearing aids and to buy the damned things we have to pay in US$ which, according to the AFIP are “unavailable.”
Poor, poor Argentina, such a wonderful country, and so terribly badly managed!!!
BK, did you know on CFK's first trip to the USA they recommend she take off most of her make up and change her clothes so everyone didn't think she looked like a hooker? True story google it....
Jul 16th, 2012 - 01:46 pm - Link - Report abuse 0Lol thats funny. Ignorant yankees I suppose =)
Jul 16th, 2012 - 05:47 pm - Link - Report abuse 0@ 36 ElaineB
Jul 17th, 2012 - 03:00 am - Link - Report abuse 0“I absolutely agree that no Argentine has a vested interest is seeing Argentina fail.”
I am afraid are wrong.
Among the 120 or so families who together own more than half of Argentina, some spend 10 years hoarding foreign currency, help the idiot government ruining the country, following which they buy more of Argentina. The property version of the Gini coefficient is getting worse for each decade, the income Gini coefficient is close to 0.5.
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