Argentina’s ‘blue dollar’ yields on expectations but still above 10 Pesos

Saturday, May 11th 2013 - 05:49 UTC

Full article 8 comments

The so called ‘blue dollar’ traded in Argentina’s parallel market ended on Friday just above 10 Pesos after having reached record highs earlier in the week (10.55 Pesos) and following the Thursday announcement of a tax amnesty bill and other ‘whitewashing’ financial instruments. Read full article

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Anglotino
It's like an economic Groundhog Day...... but worse this time around.
May 11th, 2013 - 07:52 am - Link - Report abuse 0
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manchesterlad
As long as there are currency controls & inflation is over 25%, the blue rate will remain high. The whitewashing of dollars will not guarantee a supply to the public who still want to protect their savings in dollars & not overvalued pesos

Also the general feeling in Buenos Aires is that this 'amnesty' to return dollars to Arg is just a way for all the corrupt politicians to bring back the bags of laundered money before they get exposed by new international banking regulations
May 11th, 2013 - 12:07 pm - Link - Report abuse 0
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Chicureo
Google ANY historical article about the Argentine monetary history and you'll clearly understand that NO ONE sane trusts keeping their savings in Argentine controlled financial instruments (Pesos, Bonds, promissory notes, etc...) including members of the CFK government.)
The ones that really suffer when the economy collapses are the middle class and especially the poor.
May 11th, 2013 - 02:52 pm - Link - Report abuse 0
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ChrisR
But when the argies vote for monkeys why are they surprised when they get the economics of monkeys?
May 11th, 2013 - 04:07 pm - Link - Report abuse 0
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cornelius
The argies have a virus that keep them functioning normally apparently the virus only affect the decision part of the brain leaving the body intact the virus was discover years ago and the name is (Peronpopulisi) and is call perontopopulisi syndrome.
May 11th, 2013 - 05:12 pm - Link - Report abuse 0
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Chicureo
# 1 &2. Completely agreed!
#4 Please do not insult the nobile monkey race. They are nowhere as low ars a follower of Juan Peron.
#5 There is a cure, it's the Milton Freedman antibiotic which requires a long period of austerity.
May 11th, 2013 - 07:55 pm - Link - Report abuse 0
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ChrisR
6 Chicureo

I do apologise to the monkeys! :o)
May 11th, 2013 - 09:14 pm - Link - Report abuse 0
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Captain Poppy
Now that the AFIP currency police are out the blue dollar is receding and with it is the BA stock market.....lol.
May 15th, 2013 - 04:37 pm - Link - Report abuse 0
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