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Dollar deposits and loans erosion in Argentina as restrictions become stricter

Monday, August 6th 2012 - 22:02 UTC
Full article 13 comments

The strict and tightening US dollar purchase restrictions imposed in Argentina were clearly exposed in the banking system dollar deposits and loans during the last week of July when they dropped 3%, having accumulated 43% in the last few weeks, according to official data from the central bank. Read full article

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  • Condorito

    “ remnants from the 2012 default”
    Prophetic?

    Aug 06th, 2012 - 10:21 pm - Link - Report abuse 0
  • Betty Boop

    ^^ LOL! I wondered the same thing!

    Aug 06th, 2012 - 10:47 pm - Link - Report abuse 0
  • ChrisR

    These people are only copying ther 'President'.

    Why should they loose their money and financial security when she robs them blind and keeps it in dollars?

    Aug 07th, 2012 - 12:41 pm - Link - Report abuse 0
  • Austral

    What a pack of muppets running that poor country. And to think all those well-heeled Euro-Argies can avoid using a blue passport and do what they want, not get searched at airports etc.

    Aug 07th, 2012 - 01:04 pm - Link - Report abuse 0
  • Simon68

    1 Condorito (#)

    I don't think there is much choice, she ain't got the money to pay her debts, so...

    2012 default!!!!

    Aug 07th, 2012 - 03:49 pm - Link - Report abuse 0
  • ChrisR

    @5

    Just a slight correction if I may: they are YOUR debts! :o(

    Aug 07th, 2012 - 06:32 pm - Link - Report abuse 0
  • Steveu

    Something soft, squelchy and unpleasant smelling is just hitting the fan!

    Aug 07th, 2012 - 09:16 pm - Link - Report abuse 0
  • Simon68

    6 ChrisR (#)

    You are absolutely right Chris, sorry, OUR debts!!!!

    Aug 08th, 2012 - 02:54 pm - Link - Report abuse 0
  • British_Kirchnerist

    Well if times are tough, its good that its rich people who are having to take part of the burden for once with measures like these, rather than endless austerity being forced on the poor as in Europe

    Aug 08th, 2012 - 10:20 pm - Link - Report abuse 0
  • Condorito

    @9
    Europe has no poor (yet) - get out a bit more and you might realise that. It might also help you understand developing world issues better.

    Aug 09th, 2012 - 01:31 am - Link - Report abuse 0
  • British_Kirchnerist

    #10 I get what you're saying, but that “yet” is ominous...Europe, or at least Greece, is in danger of pushing its most vulnerable people back to developing world levels of poverty that we'd supposed to have moved beyond, thanks to Merkel and co's austerity

    Aug 09th, 2012 - 04:30 am - Link - Report abuse 0
  • ChrisR

    @11 Blind_Scottie_Kirchnerist

    No, the Greeks lied their way into the EU and grabbed the Euro zone opportunity with both hands.

    They are like the Peronista Argentinos: take the money, NEVER pay it back.

    Aug 09th, 2012 - 01:29 pm - Link - Report abuse 0
  • Condorito

    11 BK
    If Greece and Spain are moving towards developing world levels I have little sympathy for them.
    Their problems are of their own making, not Merkels.
    How can Greece expect anything other than austerity??
    They are completely bankrupt and rely on regular handout from the IMF to keep the boat afloat and you don’t think they should be cutting back. It is just astonishing to me.

    What you are seeing in Europe is not austerity, it is a return to reason.

    Aug 09th, 2012 - 03:31 pm - Link - Report abuse 0

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