MercoPress. South Atlantic News Agency
Argentina transfers 400 million dollars to IMF to have greater access to emergency cash
Argentina which the IMF censured for underreporting inflation less than three months ago after three warnings over the past two years, last week authorized the deposit of 400 million dollars with the Washington-based lender to increase the nation’s access to emergency cash. Read full article
Comments
Disclaimer & comment rulesWe are just preparing another heist of IMF funds.
Apr 29th, 2013 - 08:33 pm - Link - Report abuse 0Get ready to lose more tax dollars that we aren’t ever going to pay you back.
HAHAHAHAHA
Losers!
Jesus H. Christ, please tell me the IMF is not that stupid...
Apr 29th, 2013 - 08:39 pm - Link - Report abuse 0...well maybe.
At least the president of the IMF wears trousers, well sometimes...
Professional swindlers...
US Treasury just told Congress that Argentina is a lying scofflaw and USA will vote against in at IMF WB AND IDB.
Apr 29th, 2013 - 08:49 pm - Link - Report abuse 0Not gonna be pretty
(3)
Apr 29th, 2013 - 09:04 pm - Link - Report abuse 0http://en.mercopress.com/2012/10/10/imf-estimates-argentina-2012-growth-below-government-target-but-above-private-forecasts#comment173451
10 peso = 1 dollar by Christmas!
Any more forecasts?
Um so I'm 4 months late. So what?
Apr 29th, 2013 - 09:26 pm - Link - Report abuse 0I've said many times it is very hard to predict WHEN an economy will crahs but not IF.
You should thank your lucky stars I was off a little bit.
Since it is almost 10/1 now.
I agree. Por la patria, they need to put ALL their money in pesos! Get your real friends and your family to do it now!!
Apr 29th, 2013 - 09:28 pm - Link - Report abuse 0I agree with yankeeboy.
Apr 29th, 2013 - 09:46 pm - Link - Report abuse 0The market rate is much closer to 10 than it is to the government rate.
(5)
Apr 29th, 2013 - 09:53 pm - Link - Report abuse 0“it is very hard to predict WHEN”
Yes I agree, only a fool (yankeeboy) would qualify such a prediction with a definite date (Christmas)
Wasn't the Libertad going to sail to NY too?
Another yankeeboy fail.
I predict you will continue to make erroneous predictions.
@4 got to admit, Yankeeboy wasnt far off was he? ,
Apr 29th, 2013 - 10:06 pm - Link - Report abuse 0so......he was slightly off,does that mean to you that the peso crisis does not exist and all in argentina is well?
the peso has been in freefall since 2009 so are we right to assume its going to get much much worse?
will argentina draw a line at 10 peso before pulling its head from its rancid ass, or maybe 11, what about 15?
but it seems petty to knock a close forecast in an attempt to dismiss argentinas money troubles .....guess what, it doesnt,and its bloody great to watch,!
one thing that is safe to say is that the peso is only going to continue to rise, the more the better.......how much by.... who knows, who cares as long as its rising........wheelbarrows at the ready Argies!!
Reap what you sow...........REAP IT!!!
Just been watching 'Scam City' Buenos Aires on National Geographic. Lots of dodgy printed money. As a tourist you hand 100 pesos to a taxi driver, he switches it and hands you a fake one back saying “it's fake”, so you hand him another real one, doubling his money. They also give you fake money back as change.
Apr 29th, 2013 - 10:20 pm - Link - Report abuse 0Counterfeit money in Buenos Aires is rife apparently. No wonder the city is being avoided by the cruise liners.
Pick-pocketing is at epidemic proportions also.
This city is a very dodgy place indeed to visit.
Britworker
Apr 29th, 2013 - 10:28 pm - Link - Report abuse 0That you guys learn about SA on National Geographic is quite obvious.
No need to mention it...
(9)
Apr 29th, 2013 - 10:42 pm - Link - Report abuse 0“so......he was slightly off”
My horse finished 4th in the national, can I collect my winnings.
“so......he was slightly off”....yes,yes, and the Libertad is in NYC.
“and its bloody great to watch”
Well if you have nothing better to do I guess that is ok...if not a little sad.
(10)
Yes, you have to think on your feet. Not a place for the slow witted.
@10 Yes it is true about all the fake money, some is so bad it is photocopies on cheap paper. But if you are aware of it you always make sure you have plenty of small notes so you can pay the exact amount. Also, take care when choosing a taxi. Always take radio cars, or better still take a taxi from an hotel (they note the number of the cab should there be a problem). Even my friends in BsAs, having lived there all their lives, are careful about choosing a taxi and will wave on a cab if they don't like the look of the driver.
Apr 29th, 2013 - 10:43 pm - Link - Report abuse 0I don't know that pick-pocketing is more than most cities, though it has increased in recent years. You have to use smarts, not act like a tourist and don't display anything of value. When I was living there I was always alert in the street but I genuinely had a good time there with many fond memories.
My friends living there say crime has increased a lot in the last years or so. Maybe wait for the next crisis to be over before visiting.
(10)
Apr 29th, 2013 - 11:02 pm - Link - Report abuse 0Yes, it's twue, its twue.
Elaine just doesn’t want to go so she can have all the travel stories.
(13)
Yes, you must be careful with the taxis and watch your belongings in the street. Your friends are right, crime levels have increased. Still, shame to miss out on one of the world's most beautiful countries just because you might lose your watch, Where is your spirit of adventure?
The Brits used to fearlessly explore the hinterlands of Africa. Are we to believe they have become a nation on ninnies afraid of a fake bank note or two?
Toby, Predicting when an economic collapse will happen is like predicting a huge storm. Everyone can see the black clouds but don't know exactly when it will start raining.
Apr 29th, 2013 - 11:21 pm - Link - Report abuse 0People aren't afraid of losing U$10 they're afraid of getting knifed or kidnapped after they leave an ATM.
It is scary in BA you have to be very careful much more so than in London NYC or DC. Much much more.
I've told you before you don't know what it feels like to not be afraid. We don't live with 12 foot walls, private security outside of the house. We just don't need it.
“”“We are just preparing another heist of IMF funds.
Apr 29th, 2013 - 11:41 pm - Link - Report abuse 0Get ready to lose more tax dollars that we aren’t ever going to pay you back.
HAHAHAHAHA
Losers!”“””
Like +1
No, seriously... i agree.
Now the IMF and bankers probably think this is a good thing and getting the ArgGov into debt means they can control it...
do they never learn?
@12 whats sad about watching argentina disappear ups its own arsehole?
Apr 30th, 2013 - 12:22 am - Link - Report abuse 0I havent shed a tear yet actually its quite hilarious, its only sad if it is your money being devalued faster than krustina is pumping her bank with $$$$$,
CFK..... the gift that keeps on giving!!
you should of put your money on the peso reaching $10 and backed a cert, instead of a 4th place donkey!
(15) Yankeeboy
Apr 30th, 2013 - 12:22 am - Link - Report abuse 0“Everyone can see the black clouds but don't know exactly when it will start raining.”
Yes, everyone can see the black clouds, so do we really need the village idiot running around shouting “it’s going to rain, it’s going to rain....er...sometime”
“It is scary in BA you have to be very careful much more so than in London NYC or DC. Much much more.”
Sure we have crime here, have you none in the USA?
Are north Americans never shot by other north Americans?
Maybe your corner of your city is safe, but the stats would imply that a lot of people are being killed elsewhere in your blessed country.
You are suggesting that people should be afraid in BA but not in US cities? Don’t insult the good posters of Mercopress?
The British posters on here will know, that as a British tourist you are more likely to be killed on holiday in the US than in Argentina – is that not true?
Care to explain how that works.
“I've told you before you don't know what it feels like to not be afraid.”
So why do so many of you own guns? Must be for self-defence right, unless you are all criminals planning your next murder or assault.
So what is it that you are all so afraid of that you need guns at home?
Enlighten me.
(16) Anbar
No they never learn and they are running out of options.
I find it unlikely that US Congress will approve this for a country that was censured by the IMF, not to mention a country on the verge of another default. Argentina proves time after time that it is not trustworthy of working in the main stream international community. Try another plan asslips.
Apr 30th, 2013 - 12:36 am - Link - Report abuse 0Being off 4 months is nothing in economic terms.
@15: Well, if we chaeck the statisctics we are going to find out that the majority of the US cities are IN FACT more dangerous than Buenos Aires, that only has a murder rate of 5.6 per 100.000 habitants
Apr 30th, 2013 - 01:32 am - Link - Report abuse 0Now check the American Crime Rate...
http://en.wikipedia.org/wiki/United_States_cities_by_crime_rate
http://en.wikipedia.org/wiki/United_States_cities_by_crime_rate
So no economic problems.
Apr 30th, 2013 - 01:44 am - Link - Report abuse 0No currency problems.
No crime problems.
trying to deflect?...
Apr 30th, 2013 - 01:55 am - Link - Report abuse 0Kirchner the bastard should be made to beg it won't be long now before the FIG will be able to bail her sorry ass out
Apr 30th, 2013 - 10:53 am - Link - Report abuse 0Crime Stats for Argentina have not been disclosed for many many many years.
Apr 30th, 2013 - 10:54 am - Link - Report abuse 0So there is nothing to compare to the USA or UK
In 2002 I was not worried when I walked around at night in BA
I am now
I even wear a cheap watch and clothes when I travel to BA so nobody bothers me
I don't do that in NYC or London
@ yankeeboy Anyone with an ounce of sense respect your comments and predictions, Truth_Tellіng_Trοll can't even decide which troll he is from one day to the next he needs to wise up and accept the botox queen as f....d Argentina good and proper and if he believes we are wrong then show us where.
Apr 30th, 2013 - 11:03 am - Link - Report abuse 0@6 Quite right. Give your ALL. After all, thousands of savers and pensioners in Spain, Italy, Germany, Japan and the U.S. did. See how that worked for them!
Apr 30th, 2013 - 11:11 am - Link - Report abuse 0@14 What's your problem? Yes, we “Brits used to fearlessly explore the hinterlands of Africa.” We also used to carry guns and shoot people dead who did anything we didn't like. Should we do the same in Buenos Aires and elsewhere in argieland? “But, officer, he put his hand in his pocket.” “Yes, but there was only a handkerchief in there.” “Well, I wasn't to know that, was I? Anyway, it doesn't matter, he's dead now. By the way, I think it was a perfect gut shot. Could you have done that from the same range?”
In other news, another British tourist shot 6 La Campora thugs dead in the Plaza de Mayo today. She said “I suppose they thought I was just another little old lady. But these .44 Magnums are really good.”
@20 Trying to deflect?...
@22 No, that's what I asked YOU.
This notice is a confirmation that the argentine reserves are quite low. If the country had U$D 40,000 million it wouldn't need the additional U$D 1.600 million mentioned.
Apr 30th, 2013 - 11:54 am - Link - Report abuse 027. Yeah it looks like they are desperate. I'm betting the plan to default on June's interest payments and beyond then try to blame it on NYC courts. The problem is though there is no way to increase the reserves until ( maybe) the next crop.
Apr 30th, 2013 - 12:06 pm - Link - Report abuse 0They need the U$ to buy fuel and they don't have it if they pay interest.
I wonder what a noose feels like?
It can't feel good
@24: Why you write bulls**t all the time?
Apr 30th, 2013 - 12:23 pm - Link - Report abuse 0That was a study made by the Supreme Court of Justice, for the year 2011. google it... In 2002 the crime rate was nearly 10%, again, google it.
You are so pathetic that is very sad reading you. So you are living in Argentina right now that you say you are scare to walk? LOL, nothing more funny than a foreigner talking crap about the country he is living in.
29. I suggest if you can provide recent country wide crime stats you provide the link.
Apr 30th, 2013 - 12:56 pm - Link - Report abuse 0Since none exist you may have a bit of trouble
BTW I never lie, I couldn't make up worse stuff than the truth I post so why bother?
That is why the dimwits get so angry
@pgerman
Apr 30th, 2013 - 01:14 pm - Link - Report abuse 0Still looking for the “resumen semanal from BCRA”?
Did you follow your own financial advise and bough dollars?
I guess you lose some money because went down.
As a professional as you say you should be more careful to give wrong advise to your clients or employers.
BTW who is the idiot that employs you?
Loser or Prat Gay?
BTW did you know that Prat gay was accused by former JPMorgan Vice president of money laundry?
Oops!!
Interview to former JP Morgan about how to “Empomar retired people” by Clarin Miente using the AFJPs and JPMorgan bank.
http://www.taringa.net/posts/info/4265417/Entrevista-a-Hernan-Arbizu-vicepte-JP-Morgan---Impresion.html
There are any honest yank in US? rhetoric ...
Clarin MIente Jourlalism in the Pendiente. ha ha
All bunch of “Ladris” Al capone style.
Dany, I posted this same link for you yesterday.
Apr 30th, 2013 - 01:21 pm - Link - Report abuse 0PG is correct BCRA is OUT OF U$, only U$4B left is the reason they can't afford to support the peso any longer.
http://www.bcra.gov.ar/pdfs/contad/econ0200.pdf
The sad part is the SOY funds s/h/b bringing thi s number up by now!
Are the farmers till planning on striking in May?
@29 So after 10 hours you couldn't think of a reply? Pitiful.
Apr 30th, 2013 - 02:00 pm - Link - Report abuse 0@31 So tell us, Dany. Are you an uneducated faggot or an uneducated slag? Five seconds, or less, is enough to show your inability to spell or use intelligence. But then, you don't have any intelligence, do you? Just the desperate La Campora script. Of one thing we can be sure. On the available evidence, there are around 6 honest Argentinians. The rest (41,281,625) are cheating, corrupt, criminal, larcenous, mendacious war criminals. Plus the cowardly “ex-pats”. (Don't expect us to join in the misery. We have enough money. We can get out. Live in “proper” countries. “La patria”? Sure. How much? Too much. We'll gabble, but we're not going back. Let that cow steal our money? Not a chance.) Come on, Dany, tell us the truth. How much tax do you pay on the income for your “tricks”? Do you declare it all? How much does your John take? How much do you send to argieland? Just to keep your “family” income high enough to exist in the “better” areas of the “villas”. Do they have their own sewage disposal? Their own “honest” paid-for electrical supply?
(24) yankeeboy
Apr 30th, 2013 - 02:04 pm - Link - Report abuse 0So in the absence of data that is acceptable to you, we should just believe..er..you. Nice try yankee (maybe andy65 will settle for that) but the brighter ones on here won’t.
Why don’t we take a nice broad approach...say murder of tourists, that kind of data is always recorded. And why don’t we take the country of most of the posters on here (the UK).
Where are more Brits murdered yankeeboy, in Argentina or in the good ol’ USA?
Actually, anyone can answer the questions. Anyone?
Anbar, you’re bright, you know the answer?
Pirate-Love, put your spag-bol down, you probably know the answer.
Anyone else?
Elaine? You know, but you’re not going to break ranks are you.
Anglotino, you’re one of the sharpest, you must know. Please help yankee out with understanding the dangers facing a tourist in his own country.
Britworker?
Chicureo? You are a man of the world, you’ll know.
Conqueror? Go on have a go, go on go on go on go on, go on, go on, go on.
And don’t say I’m deflecting. When I challenged yankee’s inaccurate predictions he deflected to crime (post 15) – not very wise for one who lives in such a violent country.
34. The absence of Data is quite telling, seems Argentina stopped reporting the numbers when they started to skyrocket.
Apr 30th, 2013 - 02:13 pm - Link - Report abuse 0Coincidence?
I think not
(35)
Apr 30th, 2013 - 02:18 pm - Link - Report abuse 0Forget the data,
answer the question,
search your feelings.
Any data produced by Argentina can only ever be looked at as suspicious -your country as a lot of form of not being honest
Apr 30th, 2013 - 02:35 pm - Link - Report abuse 0(35) + (37 yankeeboy minime)
Apr 30th, 2013 - 02:58 pm - Link - Report abuse 0I know you don’t trust the data. This is why I ask the question at 34.
If you don’t trust our data, have a look at you own, then think about it some.
According to your own media and institutions, where are more British tourists slain? In the US or in Argentina?
It is an easy questions, you just don’t like the answer.
TTT Don't drag me into your bickering. I gave my opinion about crime in BsAs.
Apr 30th, 2013 - 03:23 pm - Link - Report abuse 0I would say that I did not feel more threatened on my recent trip to Mendoza but my Argentine friends definitely were more concerned with insecurity. I heard numerous stories about crime and people living there were considerable more spooked. I don't think you can deny there is an increase in crime in Argentina when everyone but the government says that is the reality.
This article is about the severe financial problems in Argentina and the government scrambling around trying to find a solution. As a consequence of people experiencing yet another financial crash, crime will continue to rise in Argentina. People feel desperate and that they have nothing to lose. It can happen in any country where there is financial meltdown.
@Truth_Tellіng_Trοll How can you compare anything with a lieing thieving nation like Argentina,don't you get it troll the Argentine government are unreliable on any data they produce isn't that the reason they are the only member of the IMF to be censored and what was it for??? producing false data.
Apr 30th, 2013 - 03:25 pm - Link - Report abuse 0That is true, I don't trust the data for Argentina if there was some but there isn't even fake data to compare.
Apr 30th, 2013 - 03:30 pm - Link - Report abuse 0Why is that? No national crime stats FOR YEARS AND YEARS
What's with the random UK tourists killed in USA? Is it because that's a tiny demographic that supports your argument?
How about how many UK citizens are killed by Kangaroos in Australia as compared to Argentina?
What a dimwit.
Is there anyone in the world that thinks the USA is more dangerous than Argentina?
NOPE
http://tinet.ita.doc.gov/outreachpages/inbound.general_information.inbound_overview.html
Got some Arg data to compare?
Probably doesn't look so good
I hear there are a bunch of Hotels s closing in BA
a bunch
(39) Elaine
Apr 30th, 2013 - 03:45 pm - Link - Report abuse 0I see you declined to answer the question. As expected.
(41) Yankeeboy
“What's with the random UK tourists killed in USA? Is it because that's a tiny demographic that supports your argument?”
No. It is your argument. You deflected the thread on to crime at post 15.
It is funny that you using a cheap watch in BA is somehow relevant, but tourist deaths are a “tiny demographic that supports your argument”.
Such irrational hate. What drives it?
@Truth_Tellіng_Trοll Says
Apr 30th, 2013 - 04:00 pm - Link - Report abuse 0Such irrational hate. What drives it?
That's a question I would like to ask Kirchner but not even Argentines get the chance to a question and answer session with her so perhaps you could answer your own question
Actually I was chiming in to Post #10 so it was not I who deflected.
Apr 30th, 2013 - 04:28 pm - Link - Report abuse 0I don't know why you think I hate Argentina I don't, thinking it as a dangerous place doesn't make me hate it.
I just have to be more careful there than if I was traveling in a more civilized country.
“I don't know why you think I hate Argentina I don't”
Apr 30th, 2013 - 04:36 pm - Link - Report abuse 0That is good to hear. What is it that you like about Argentina then?
What I like about Rgland - it's so far away you can't smell it!
Apr 30th, 2013 - 04:49 pm - Link - Report abuse 0@ Truth_Tellіng_Trοll What I hate about your country is your leader seriously I would never raise my hand to a woman but would have no hesitation where Kirchner is concerned listen to her when she rants and look at that mouth and the shapes she makes you just want to stick your fist in it, she also comes across as a rather ruff old bird lacking in class and style her skin resembles that of a gypsy that as not seen water in months after being caked in make up and foundation a nasty piece of work I would describe her who needs a good slapping down.
Apr 30th, 2013 - 05:42 pm - Link - Report abuse 0(47)
Apr 30th, 2013 - 05:48 pm - Link - Report abuse 0Like I said, irrational hate.
Let it all out andy.
@Truth_Tellіng_Trοll just my opinion and probably millions more, though we do have some good finishing schools here in the UK perhaps you'd like to send the old bag over so we could fine tune her and polish her but let's not rembers her recent words
Apr 30th, 2013 - 06:02 pm - Link - Report abuse 0Whooooooo I've never kissed a Pope before
What an embarrassment you should keep her at home she makes your country look more stupid than it already is
“perhaps you'd like to send the old bag over so we could fine tune her and polish her but let's not rembers her recent words”
Apr 30th, 2013 - 06:27 pm - Link - Report abuse 0Perhaps you could use one of those finishing schools and polish up a bit on your spelling and grammar. It make you look more stupid than you already are.
Troll, do not let grammar or spelling worry you,the fact your reading it and it's pissing you of suits me.
Apr 30th, 2013 - 06:44 pm - Link - Report abuse 0Greed greed and more greed
Apr 30th, 2013 - 07:27 pm - Link - Report abuse 0Corruption and more corruption,
For a country that supposedly hates us all, wants nothing to do with us, and slags us all of,
They are doing a fine job,
For to be fair here, they may be conning sods, but who do you really blame,
Them of the stupid IMF,
You know what they say,
If ya offered free money, then take it .
Especially if ya don’t pay it back…
@24: Link? Of course dude
Apr 30th, 2013 - 07:48 pm - Link - Report abuse 0http://www.csjn.gov.ar/dbei/ii/caba2011/hc2011.pdf
That's the presentacion de homiciodis 2011
Do you want something more recent?
http://www.csjn.gov.ar/dbei/ii/caba2011/hc2011.pdf
And that's by Clarin, and show's a dramatic fall...
So yankeeboy, go with your lies elsewhere, ok?
'@warteiner Sorry my old fool but I would rather believe my own government than anything coming out of Argentina
Apr 30th, 2013 - 07:59 pm - Link - Report abuse 0Crime
The most common crimes are distraction theft, bag snatching and armed robberies. Take particular care in restaurants and internet cafes, on public transport and in the tourist areas of San Telmo, La Boca and Retiro. Keep a close eye on your personal possessions at all times. Avoid carrying large amounts of cash or wearing jewellery. Avoid isolated or poorly lit areas at night.
Con-men have been known to rob tourists while an accomplice pretends to help remove ketchup or mustard that has been ‘accidentally’ sprayed on them. There have also been reports of thieves posing as hotel guests and snatching bags while tourists are checking into hotels or hostels. Another common tactic is slitting handbags in crowded places and snatching mobile phones while they are being used.
Passport thefts are common especially in Buenos Aires and Mendoza. Leave your passport in a hotel safe or security box and keep a photocopy of the details page with you at all times.
Kidnappings and so called ‘express kidnappings’ occur in Argentina. Victims are normally held while criminals empty their bank accounts with cash cards. Once the ransom is paid the victim is usually quickly released. It is common for thefts to take place when withdrawing cash from ATMs.
If possible, book taxis in advance. If you hail a taxi in the street, only use a ‘radio taxi’. These have a clearly visible company logo on the rear passenger doors. If you are being met at the airport and you don’t know your greeter, confirm their identity before setting off. Alternatively use a ‘remise’ service from the official stand in the centre of the arrivals concourse.
If you are a victim of crime, you should inform the local police and get a police report.
In Buenos Aires, a 24-hour police helpline in English is available on telephone number 101. There is also a new multi-lingual free phone number for
@54: You governament is only doing bad publicity to Argentina, bad propaganda because you people are a bunch of pathetic and hypocrits murderers who try to cover themselfs up betwen the flag of justice and you only want blood and petrol for your own benefit. Tell me, am I wrong???? And the governament did not do the crime rate, CAN YOU READ? IS THAT BAD SCHOOL BACK IN YOUR UGLY SMELLY COUNTRY? The last report is by Clarin (governament opposition) and show a murder rate in the Province of Buenos Aires of 1.2 per 100.000 habitants, (nearly 18.000.000 people live in Buenos Aires) I do not think anywhere in US and only in some places in Europe you can find a similar rate. But I guess your inbread genes do not let you think.
Apr 30th, 2013 - 08:12 pm - Link - Report abuse 0@warteiner Dear bitter and twisted friend as far as I am aware it's The Argentine government that are robbing there own people blind and indeed kirchner is going for a third term to finish you all of good and proper AM I RIGHT OR WRONG please tell us all why an old fool like kirchner needs a 3rd term she's already destroyed your country are you happy to go down the shit hole with her????? and when you are talking about inbreads which part of Europe did your granny sail from was it Nazi Germany or bankcrupt Spain.
Apr 30th, 2013 - 08:21 pm - Link - Report abuse 0LOL when you do not have more arguments you deflect. If Kirchner wants to go for a 3rd term, what's the problem? If the Argentine people wants that if the decision of the people. Anyway, she say it hundreds of times that she does NOT want to go for a 3rd term. I think someone sold you cheap lies and you bought them.
Apr 30th, 2013 - 08:36 pm - Link - Report abuse 0Now, to the subject, what you have to say abouts Clarin rate? uhh?
Back to the original story, I think that once CFK has changed the law so that either she or Nestor (after all argentines are ridiculously nostalgic and he has a higher approval rating) can run again for presidential office they will borrow massively from the IMF to bribe the constituencies that they need to secure another term in office. It is very difficult to escape debts to the IMF effectively 15% is owed to the BRICS although the largest slice is owed to the yanks and then the Europeans. Effectively they are borrowing money from their grandchildren, born or yet to be born.
Apr 30th, 2013 - 08:46 pm - Link - Report abuse 0@ warteiner it is not deflecting it is pointing out to you that your problems are all down to Kirchner and her crazy polocies you elected her so you get what you vote for AM I RIGHT??? Get rid of the bitch you MIGHT just be a better country for it but I won't hold my breath you,every President you have elected since The Great British help you gain your dignity once again you have all described as corrupt,so what does that tell us about Argentine polotics???
Apr 30th, 2013 - 09:07 pm - Link - Report abuse 0Looks like the UN thinks CFK's “democratizing” of the Judiciary is actually the exact opposite.
Apr 30th, 2013 - 11:33 pm - Link - Report abuse 0My my how could that be?
My country gives money to the IMF to help others such as Argentina. I don't think we have ever had to borrow it back.
May 01st, 2013 - 12:48 am - Link - Report abuse 0Argentina and Australia. A very good case study in how two similar countries took different routes.
@yankeeboy
May 01st, 2013 - 06:23 am - Link - Report abuse 0All these reserves are counted as of “immediately disposition” what can be used immediately like cash.
The article itself above explain that ““Once the drawing rights are approved, they can use the money practically immediately, like cash.””
So you point it is simple wrong as always.
It is not our fault that Pgerman and you have no clue about how central banks works. Isn’t it?
@Anglotino
“My country gives money to the IMF to help others such as Argentina. I don't think we have ever had to borrow it back.”
Nope IMF members as a part of G20 agreement committed them selves to IMF to increase funds and Quotas.
Julia Gillard offers to help European economy via the International Monetary Fund
“The prime minister urged European leaders to do more to resolve their debt problems and warned Australia would suffer if the fallout sparks another global financial crisis.”
http://www.news.com.au/business/julia-gillard-offers-to-help-european-economy-via-the-international-monetary-fund/story-e6frfm1i-1226184087858
As far I now Argentina it is not in Europe or am I wrong?
And after all you are helping yourself you be in the middle of another financial crash
Now lets see how people like Prat-gay (the money laundry boy for UK banks) lies and Crappy media use it for political and twisted reasons.
IMF official documents (memo for its members)
“FOURTEENTH GENERAL REVIEW OF QUOTAS AND REFORM OF THE EXECUTIVE BOARD”
All explanation of the agreement and detailed new quotes for members in millions of SDRs in link below.
http://www.news.com.au/business/julia-gillard-offers-to-help-european-economy-via-the-international-monetary-fund/story-e6frfm1i-1226184087858
Attachment I
Proposed Quotas for all members (In millions of SDRs)
Afghanistan 323.8
Albania 139.3
Algeria 1,959.3
Angola 740.1
Antigua and Barbuda 20
Argentina 3,187.3 ----------------------------------------------- Here is the new quota for Argentina
Armenia 128.8
Australia 6,572.4
Austria 3,932.
1 SDR = U$s 1.509 Total quota in U$s= 4.809,18 bn.
Dany
May 01st, 2013 - 12:49 pm - Link - Report abuse 0Learn to read!
I'm not sure how RG bonds or Gold could be liquid? It clearly shows U$4B as the only cash on hand.
May 01st, 2013 - 12:52 pm - Link - Report abuse 0That is devastating
No wonder the peso is crashing
@YnakeeBobo
May 01st, 2013 - 08:10 pm - Link - Report abuse 0“
”14. The KPIs for the current financial year were the same as previous years. They specify that:
(i) The foreign currency reserves, whilst not employed in operations to deliver on policy objectives, will be invested in assets that are liquid and secure and are monitored daily. Specifically:
• A minimum of 90% will be held in tradeable debt securities and cash;
• A minimum of 90% will be invested in assets that are rated equivalent to at least AA-, (Aa3) by two or more of the rating agencies (Moody’s, Standard and Poor’s, and Fitch), or an equivalent internal measure for unrated entities;
• All assets must be rated investment grade by two or more of the rating agencies (Moody’s, Standard and Poor’s, and Fitch), or an equivalent internal measure for unrated entities.
“
http://www.hm-treasury.gov.uk/d/management_official_reserves.pdf
http://www.hm-treasury.gov.uk/d/management_official_reserves.pdf
So according with you knowledge about International Reserves and other economics stuff how much disastrous is the BoE?
“That is devastating
No wonder the “Pound” is crashing”????????
@Anglotino
“Dany
Learn to read!”
Angolotinno, learn to understand
SYL
Oh Dany
May 01st, 2013 - 08:22 pm - Link - Report abuse 0Go back to post 61 and find the words SUCH AS.
As it is abundantly clear you are not a native English speaker, it would be understandable.
“As far I now Argentina it is not in Europe or am I wrong? ”
Wrong? Usually. But Argentina is not in Europe. Though you were. But Argentina is still ONE of the countries our contributions to the IMF help.
If you think benefitting by stabilising the international financial system is the same as borrowing from the actual IMF.
Then your post failed you own usual nitpicking standards.
But keep it up. You'll hear back from me WHEN Argentina borrows money from the IMF.
I bet it is before any of the following do:
Australia
Canada
USA
UK
Chile
Colombia
Mexico
@ Yankeeboy
Have you heard of international creditors or foreign businesses asking for payment BEFORE delivering or carrying out for the UK government?
Because pretty much all those dealing with Argentina are.
Probably why Argentina's reserves are so closely monitored and hence important.
I really have no idea about UK reserves, it has been and most likely always be a stable county with a stable currency.
May 01st, 2013 - 08:37 pm - Link - Report abuse 0What was the British currency before the pound sterling? Oh yeah...Roman coins.
Argentina hasn't had a stable currency EVER
Every 10-20yrs or so they need to come up with a new name to fool a new generation.
My guess is The Nuevo Austral is the next one up
Isn't Dany's stupidity quite alarming? I hope he has taken his own advice and kept all of his money in Peso.
Unfortunately for me nobody here in the USA will exchange them, I have a few hundred that I kept for landing expenses that by the time I go again won't pay for a coffee!
@Anglotino
May 02nd, 2013 - 05:29 am - Link - Report abuse 0Now can you write your post again but this time in English please?
Tank you
@yankeeboy
You comment as always has no sense, because you completely ignore how central banks work.
“What was the British currency before the pound sterling? Oh yeah...Roman coins.”
UK had so many different currencies in history and more than Argentina, Idiot.
Denarius
sceattas
stycas
Tally stick
Guinea
Pound
@68 Dany
May 02nd, 2013 - 06:14 am - Link - Report abuse 0“Now can you write your post again but this time in English please?
Tank you”
No! Thank you for proving my point about your English ability.
Now let's move on to your inability to do research.
“UK had so many different currencies in history and more than Argentina, Idiot.”
Wow you have to go back to 2,000 years to get your listing of coins used in the British Isles.
Argentina was so much easier, I even provide dates:
Spanish real before 1826
Peso fuerte, 1826–1881
Peso moneda corriente, 1826–1881
Gold and silver pesos, 1881–1969
Peso moneda nacional, 1881–1969
Peso ley, 1970–1983
Peso argentino, 1983–1985
Austral, 1985–1991
Peso convertible, from 1992
That's NINE.
You listed SIX.
NINE in 186 years!
Who's the idiot now?
Oh my mistake they've only had the Pound for 12 centuries.
May 02nd, 2013 - 12:04 pm - Link - Report abuse 0Oh gosh that made my day!
I'll be laughing all day.
I think I have to email that post to some friends!
@ankeeboy
May 03rd, 2013 - 05:26 am - Link - Report abuse 0You should no laugh idiot because you are going to have “Ameros” in the near future when the US dollar collapses. And the idiot holding US dollars will get half of the value is their are lucky.
BTW, US still worsening its economy and falling have you called your relatives in Tijuana for a job cleaning Mexican toilettes?
Hurry up idiot because you will get not vancancy if you spend all your time posting rubbish on MP forum.
almost 10/1
May 03rd, 2013 - 06:09 pm - Link - Report abuse 09.92
but who's counting
Bahahahaha
You are very poor prognosticator, do you work in the Argentine Economic Ministry? Oh no, you claim to be German......Bahahahaha.
May 03rd, 2013 - 08:33 pm - Link - Report abuse 0You must really love Mexicans. I have to say......they are great migrant farm hands. I have a lot of respect for how hard they work. They work as hard as the Argentine government works at stealing.
This must be a great pay week for you.....been here a lot. Funy when you appear.....certain other names disappear.
Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!