US dollar in Argentina drops a few cents on Monday trading but remains volatile

Monday, April 29th 2013 - 23:22 UTC

Full article 2 comments

The ‘parallel’ or ‘blue’ dollar in Argentina which last week soared day after day to reach on Friday a record 9.30 Pesos, on Monday edged down four cents to 9.26 Pesos while the official ‘dollar’ remained stable at 5.13 and 5.19 Pesos (buying and selling). Read full article

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Anglotino
This story seemed vaguely familiar so I dug a little deeper.

Yep! March 21st and the Peso had reached 8.75 to the dollar. But as it started falling it was this comment that I remembered:

“Back on Topic....:

We are gathered here to monitor the developments of the Black Market Dollar in Argentina...

A huuuge operation of some 2~4 million U$D a day!

Let's see how is going with the almighty dollar.... shall we ?
Ooooops.................... down again......................... 8,25

www.ambito.com/economia/mercados/monedas/dolar/

You keep an watchfull eye on it until I return, will you guys?
Chuckle chuckle

www.ambito.com/economia/mercados/monedas/dolar/ ”

Chuckle chuckle indeed.

And here we are at ARS9.30

http://en.mercopress.com/2013/03/21/urgent-meeting-of-argentine-economic-team-as-us-dollar-jumps-10-to-8.75-pesos#comment232016
Apr 30th, 2013 - 04:45 am - Link - Report abuse 0
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yankeeboy
Yeah Think only posts crap like that what it is in his favor. He does the same thing with the stock prices for any of the oil companies in the Falklands.

I still think 10/1 is the panic number. It should only be a bit more before I find out if I was right or not.
Apr 30th, 2013 - 10:57 am - Link - Report abuse 0
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