MercoPress. South Atlantic News Agency
Argentina: Dollar kept climbing on Wednesday and reached 10.45 Pesos
Despite the tax amnesty bill and investment options pledged by the government of President Cristina Fernandez, the dollar kept climbing in Argentina. After breaking the key psychological barrier of 10 Pesos to the dollar on Tuesday, the “blue” dollar which trades on the parallel market climbed again on Wednesday another 37 cents to reach 10.45 Argentine Pesos. Read full article
Comments
Disclaimer & comment rulesl have admit that l'm quite partial to Uncle Sam's currency also.
May 09th, 2013 - 08:32 am - Link - Report abuse 0Well this is certainly accelerating. Someone should do something!
May 09th, 2013 - 09:54 am - Link - Report abuse 0*grabs popcorn*
@2 How very inconsiderate of you. “*grabs popcorn*” You know argies can't afford such extravagances.
May 09th, 2013 - 10:40 am - Link - Report abuse 0Moreno is meeting with bank officials...
May 09th, 2013 - 11:16 am - Link - Report abuse 0“Moreno demanded “blue” dollar to be traded between AR$ 6 and AR$ 6.50 in the upcoming days. Both values are far from the current AR$ 10.
“The so called “blue” dollar can’t be so high, it has to go down immediately,” said the Government authority. Moreno mentioned consequences in case his demand wouldn’t be fulfilled. “If you don’t drop it in the upcoming days, we will enforce control in the city of Buenos Aires,” warned Moreno.”
Really? What is he going to do to ENFORCE CONTROL?
Elaine, They know who the traders are, my bet is they'll ( or their family) will start to have terrible terrible “accidents”.
May 09th, 2013 - 11:23 am - Link - Report abuse 0Not saying this will stop the trade but they need to scare people and try to slow it down
The Ks are thugs of the first order, violent stupid thugs, they don't know any other methods.
Yeah I heard about the death threats in the Baez case.
May 09th, 2013 - 11:35 am - Link - Report abuse 0Desperate people do desperate things.
whats the odds on $11................................
May 09th, 2013 - 02:30 pm - Link - Report abuse 0@6 It's going to get ugly. The K's are capable of burning Argentina to the ground to keep their ill-acquired gains. I'm getting out of here, because staying is nothing short of an act of masochism.
May 09th, 2013 - 03:34 pm - Link - Report abuse 0They're saying even with the SOY sales BCRA reserves are going down between U$700-900MM this month.
May 09th, 2013 - 04:35 pm - Link - Report abuse 0Catastrophic
Unsustainable
It's seems Moreno's bullying tactics is sort of working as the blue dollar dropped below AR$10...
May 09th, 2013 - 05:31 pm - Link - Report abuse 0It dropped a little, but graphing it shows consistent climb, hard to beleive its downhill from here. I like watching it here: @dolarblue (twitter).
May 09th, 2013 - 06:07 pm - Link - Report abuse 0Shit me.
May 09th, 2013 - 07:10 pm - Link - Report abuse 0I think if all my money was in pesos I'd want my President gone.
my money Its in pesos “man's got to eat right” How do you suggest we get rid of her, when she's got this support from ultrakirchners, and bascially controls media/banks/judges ect ect ?? I would really like to know ! I'm all for it, but unless the shit hits the fan before the mid elections, I can't see anything but a victory for the kirchnerismo with the power they have.
May 09th, 2013 - 07:48 pm - Link - Report abuse 0They can stop if for a little bit when they send out the AFIP goons to patrol and pester.
May 09th, 2013 - 08:33 pm - Link - Report abuse 0They'll just move to another street.
“american change money”
“american change money”
The telling part is that even threats of bodily injury and bankruptcy they still couldn't get it under 10
The peso has only one way to go long term
down down down
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