MercoPress. South Atlantic News Agency
Argentine government insists a ‘blue dollar’ at 6.50 Pesos is the target
Argentina’s Secretary of Domestic Commerce Guillermo Moreno wants to bring the foreign exchange black market ‘back in line’ using new dollar securities the government plans to issue locally as part of a major tax amnesty plan, according to Alfredo Piano, Chairman of Banco Piano SA. Read full article
Comments
Disclaimer & comment rulesPrommisory notes. That the name of the new currency then?
May 11th, 2013 - 06:22 am - Link - Report abuse 0If wishes were horses, beggars would ride... As they used to say...
May 11th, 2013 - 06:35 am - Link - Report abuse 0Buying Argentine debt is akin to simply setting the cash on fire only it takes slightly longer to burn.....
May 11th, 2013 - 07:10 am - Link - Report abuse 0The photo says it all.... what a bunch of thugs... with Moreno being the alpha thug...
May 11th, 2013 - 08:04 am - Link - Report abuse 0Any drop in the blue dollar will soon reverse, no matter what the government does.
May 11th, 2013 - 08:11 am - Link - Report abuse 0People do not trust the government. They do not trust the inflation figure. They do not trust the growth figures. They do not trust the peso.
Continuing to restrict access to the US dollar will do nothing more than increase the rate.
CFK's singleminded intent to pay off debt is destroying the economy. So congratulations on the lower debt Argentina and condolences on the destruction of the economy's ability to actually grow.
Argentina's austerity is much worse than anything happening in Europe.
Meanwhile back in the real world.. clapped out old RG ship stopped, boarded and inspected by a Falkland Islands flagged ship.... http://www.marinetraffic.com/ais/shipdetails.aspx?MMSI=740339000
May 11th, 2013 - 09:41 am - Link - Report abuse 0If I laugh any harder I'll do myself an injury.....
That is like the gov't insisting on the price of street cocaine.
May 11th, 2013 - 12:34 pm - Link - Report abuse 0yeah OK
I am consistently amazed at how arrogant and stupid these Rg are.
This was the same group that tried to enforce government 'rules' on the blue dollar market last year. It's unbelievable.
May 11th, 2013 - 01:10 pm - Link - Report abuse 0This will force the price even higher, as the risk of penalties increase, the more expensive the dollar will become, as people still desperately try to buy them, and the sellers compensate themselves for the risks they are taking.
Photo caption.
May 11th, 2013 - 01:12 pm - Link - Report abuse 0“ok dis is watch ya do. You visit du punks an u tell em. Dis is disrespect for de famlee, dis is not good, capeche! U tell em, dey don stop, da boys is gonna pay em a visit.”
@5 “
May 11th, 2013 - 03:58 pm - Link - Report abuse 0CFK's singleminded intent to pay off debt is destroying the economy. So congratulations on the lower debt Argentina and condolences on the destruction of the economy's ability to actually grow.”
Well, we don't have much choice, do we? Lots of angry vulture funds and countries out there asking for us to pay our debt. And we borrowed a lot of money from Venezuela to pay some of it, so it's not like we are actually paying our debt in the first place.
it's like a Marx brothers film....or it should be,hehe.anyway I have some dollars in argieland and would swap for dollars in UK....any takers?
May 11th, 2013 - 04:57 pm - Link - Report abuse 0Where is CFK? She seems to be in hiding recently.... I wonder if she isn't well again or worried about the obvious and growing backlash against her government?
May 11th, 2013 - 07:35 pm - Link - Report abuse 0Answers on a postcard!
Something is worth what someone is willing to pay for it.
May 11th, 2013 - 08:05 pm - Link - Report abuse 0Its really fucking simple.
King Canute had similar thought processes.... :-))))
May 11th, 2013 - 11:03 pm - Link - Report abuse 0@9
May 14th, 2013 - 07:43 am - Link - Report abuse 0Luvvit!
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