MercoPress. South Atlantic News Agency
“Informal” and “blue” dollar in Argentina soars to 6.60 and 6.78 Pesos
Argentina's Peso sank in informal trade on Tuesday due to intense demand for US dollars from anxious savers and holidaymakers dodging the government clamp on international currency purchases. Read full article
Comments
Disclaimer & comment rulesScioli as President would be a complete disaster, he would undo all Critina's good work if he could, if Cristina doesn't run again (which she should be allowed to do) then there should be a Kirchnerist continuity candidate like Timmerman, Castro or Kicillof and I predict they'd win another big victory against the right
Jul 18th, 2012 - 10:19 am - Link - Report abuse 0Take a trip to Argentina and try life there first hand. You talk without experience.
Jul 18th, 2012 - 12:12 pm - Link - Report abuse 0@1 well now you show your true colors. You activily support the unconstanteiounal relection of CFK to a third term. This is ilegal by the Argentine consitutuion! And once again CFK IS RIGHT WING!
Jul 18th, 2012 - 12:34 pm - Link - Report abuse 0This article only goes to show that CFK is hopeless out of touch with the people of Argentine, the peso is failing and they look to insulate themselves like most sensible people would do. The peso is now on the verge of failure and she is burying her head int he sand. it is akin to nero fiddling whilst Rome burned. What Argentina needs is a government which udnertsands economics and long term stability but a Peronist farce intrested in cementing its power base by short term populrist decisons like the natiolinsing of YPF. The doller clamp will only fuel resentment by the middle classes who are anti CFK and the majoroty tax payers. We are alreayd seieng civil unrest in the provicnes which is sure to now spread and I hope depose this corrupt, self gratifiying shame of a government which only believes in the restriction of peoples rights and freedoms.
@British_Kirchnerist
Jul 18th, 2012 - 12:35 pm - Link - Report abuse 0My formula for next presidential election Kicillof president, Castro Vice and
keep to Timerman foreign office and Moreno INDEC.
I would like to include Hugo Chavez also but unfortunately will take some time to make his ARG. DNI.
And what about Fidel Castro to Argentina's UK embassy?
Anyone know if this has been the fastest depreciation of any currency this month? I think so..
Jul 18th, 2012 - 12:59 pm - Link - Report abuse 0Anyone think it will be 7/1 today? I am WEEKS ahead of my guess!!
I predict 8/1. So sad for the ordinary Argentinian. Not so for the millionaire tragi-comedic drag queen running the side show.
Jul 18th, 2012 - 02:05 pm - Link - Report abuse 0@4 so this is the guy you wish to include in your government?
Jul 18th, 2012 - 02:15 pm - Link - Report abuse 0http://www.hrw.org/sites/default/files/reports/venezuela0712webwcover.pdf
so much for Argentina being a leader in human rights!
@3 EngineerAbroad
Jul 18th, 2012 - 02:31 pm - Link - Report abuse 0Integrity has nothing to do with Argentine politics. Words are very cheap. Its all about going from one sensational event to the other to stay in position and so whatever happened last week is irrelevant.
I doubt CFK et al are rattled but they know they have work to do to maintain the illusion. This is the hard part of the cycle. Its expected in Argentina that the economy crashes every 5 - 10 years. In fact I believe that the government deliberately obstructs and sabotages the economy when it gets to big because if the people and industry have too much money and thus freedom they have too much power and influence and become a threat to the peronist system.
8 Tobers (#)
Jul 18th, 2012 - 02:50 pm - Link - Report abuse 0Spot on Tobers, peronism would be cutting its own throat if it gave power to the people. Its only raison d'être is to accmulate power.
7 EnginnerAbroad (#)
The HRW report is one of the most horrifying pieces of information that I've read since Kosovo!!!!!
Simon68
Jul 18th, 2012 - 03:54 pm - Link - Report abuse 0Its a marked difference between Argentine politics and British politics for example.
A British government would give anything for an ever growing economy. It does not fear it it, it cherishes it. Great! More tax money for government budget - health service, schools, military etc! ...and certain reelection.
In Argentina as the economy grows the government- progressively adds more and more restrictions and tariffs to retard and keep it under its control.
Which explains why Argentina fails utterly to take advantage of its tremendous potential to increase general wealth and reduce poverty etc.
Almost without trying Argentina would be a richer, more stable and egalitarian society!
Such a waste and a shame.
10 Tobers (#)
Jul 18th, 2012 - 04:52 pm - Link - Report abuse 0Once again spot on.
It really makes my blood boil to think that in 1904 it was a toss up between us and the USA which was the richest country, now look at us!!!
It is all thanks to bloody Juan Domingo and his successors.
I think potentially Argentina is still one of the richest countries in the world, but with peronism we will never be able to realize that potential.
@4 DunniBurger aka Mr. Bobby
Jul 18th, 2012 - 05:02 pm - Link - Report abuse 0Know I know you are taking the piss!
Looks like my 9/1 and raging uncontrollable inflation by the end of the year was too gentle. Could well be the end of October!
The only people I feel sorry for are the likes of Simon68 and EnginnerAbroad who, unlike you, know how fcuked up the country has become under the despotic Kirchners.
I think there is hope. As Argentines become more aware of the world beyond it's and South America's borders especially through the internet and pervasive popular culture (less nationalism) etc peronism will become more threatened. I think peronism is entering a stage where it needs to become more extreme, more religious like the cult of the North Korean system or its on the way out. Gone within 20 years?
Jul 18th, 2012 - 05:34 pm - Link - Report abuse 0@13 I really do hope you are right, however I belive that Peronist grip on the poor of Argentina is to strong and they will vote for Peronists time after time after time. After all when you have no money or pay no taxes you have nothing to fear from the economic collapse. The government will continute to give them handouts to keep them in line and the process will only repeat for years and years to come. The only hope is for a young charasmatic but non Peronist candiate to sweep to power and show the country how it has the potnetial to be great if only it can sort out its economic mess left by multiple Peronist failures.
Jul 18th, 2012 - 06:05 pm - Link - Report abuse 0$6.85/1 will it break 7 today? There I am weeks ahead of schedule!!
Jul 18th, 2012 - 06:22 pm - Link - Report abuse 0I think the Arg peso is the fastest depreciating currency in the world this month.
This is going to spike inflation astronomically! I wonder if inflation will break 50% mom by the end of the year?
yankeeboy give me the lottery numbers please matey
Jul 18th, 2012 - 08:25 pm - Link - Report abuse 015 Yankeeboy
Jul 18th, 2012 - 09:28 pm - Link - Report abuse 0Is Argentina looking at hyperinflation before long, do you think?
yankeeboy ignore joe bloggs give me the lottery numbers I'll give you halfers
Jul 18th, 2012 - 10:07 pm - Link - Report abuse 0@Tobers
Jul 19th, 2012 - 09:18 am - Link - Report abuse 0Really?
But reality in UK shows the contrary.... lets see...
Recession, Poverty, Huge Unemployment, business closing very day, health service cuts, education cuts, Military cuts, debt burden, riots, stagnation, and any sign of re-election I guess.
Ask friend Gordon for more details. Ha ha
Many here seem to work for an evangelist religious group those guys that want to convince you for any mean that god is your salvation and that the world is going to end soon. Ha ha
@Simon68
“It is all thanks to bloody Juan Domingo and his successors”
I ‘m not peronist but every time I hear some of you “Radicals” I’m serious thinking to get involve into the party just for fun.
I don’t remember who was the American politician than when visiting Argentina during a crisis he said.
“This is like would be USA if the south (Landlords and pro agri neocons) would won the war”
Simon you live in the past and that will never come back again. I suggest you to move to UK there you will be happy and will be able to vote for CaMoron and enjoy all the fabulous things that you like to have. Ha ha
I give you 3/6 months until we see you back in Argentina.
You do need some money to pay the ticket?
@ChrisR
Save your sorry for yourself because I put my money where my mouth is, instead of doing like you do that talk and talk about wonderful UK and then you have to move to Uruguay to have a decent life.
Why don’t to go back to UK? Any logic explanation?
@ 11 Simon68
Jul 21st, 2012 - 04:00 am - Link - Report abuse 0“I think potentially Argentina is still one of the richest countries in the world”
Spot on - among the 10 richest per capita, perhaps even among top 5 - potentially, that is.
About a century of mismanagement has kept Argentina where it is today.
El pronóstico: Mismanagement 7x24 en el siglo XXI
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