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Argentine central bank admits 'serious loss of reserves', which stand at 30bn

Wednesday, December 4th 2013 - 02:50 UTC
Full article 8 comments

The newly appointed head of Argentina's Central bank Juan Carlos Fábrega admitted that in the last few months “loss of international reserves” has been serious, but “we are working to correct the situation”. Read full article

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  • Anglotino

    Actions speak louder than words.

    It doesn't matter what they say, the simple fact is that reserves keep dropping.

    Dec 04th, 2013 - 03:22 am - Link - Report abuse 0
  • Optimus_Princeps

    The conversation at the 'dinner table' is that we would be a rich country, if the K's would stop stealing for a year. There should be an article verifying this or at least drawing up estimates.

    They are accelerating the destruction of this country by increasing the kickbacks they receive from charging an extra 35% for credit card purchases abroad, the 50% luxury tax, etc. They would let Argentina burn if it means them becoming wealthy, and escaping with the loot.

    Dec 04th, 2013 - 11:47 am - Link - Report abuse 0
  • Viscount Falkland

    “To those who are now promising to fix all your problems, I say, ‘Go and fix yourself.’ . . . Have a change of heart. Get to confession, before you need it even more! The current crisis will not be improved by magicians from outside the country and nor will [improvement] come from the golden mouth of our politicians, so accustomed to making incredible promises.”
    Jorge Mario Bergoglio....AKA Pope

    Dec 04th, 2013 - 12:04 pm - Link - Report abuse 0
  • yankeeboy

    Dire Straits.
    Imposing more taxes and restrictions is not going to solve this problem. The best they can hope for is a good farm year BUT with Soy below U$500 and the U$ strengthening I don't see that happening.
    2014 will be interesting
    Rioting
    Food Shortages
    Hyperinflation
    All 3
    Maybe

    Dec 04th, 2013 - 12:39 pm - Link - Report abuse 0
  • Briton

    The world awaits the final collapse
    sadly it will be the people that will suffer,
    CFK has billions stashed away..lol
    so they say.,

    Dec 04th, 2013 - 03:34 pm - Link - Report abuse 0
  • GeoffWard2

    Highly surprising that Arg Central Bank should declare such low reserves straight after the 'vultures' court shows they should be paid in full.

    Dec 04th, 2013 - 05:42 pm - Link - Report abuse 0
  • ChrisR

    “The newly appointed president Fábrega is confident the situation can be reversed.”

    I am confident that very shortly this situation WILL be reversed to say MINUS U$D 30 BILLION?

    They are plucking numbers out of the air here. Has anybody (other than an argie) got ANY confidence in anything this new guy or the OTHER new guy Capitan Dismal © ChrisR 2013 who seems (if you can believe him) to be very concerned about the financial position of the US and the UK.

    FFS, you couldn’t make this up! The whole country is on the cusp of absolute financial melt-down and this idiot is concerned about the US and the UK. But of course, it’s just another diversion for the mob.

    Clearly the makeover and new brain of TMBOA has failed again if this is the best she can come up with.

    Dec 04th, 2013 - 06:44 pm - Link - Report abuse 0
  • BOTINHO

    One assumes that someone named Kirchner is listening to this while looking away at the ceiling, whistling faintly, all the while hoping a few numbered stash accounts remain hidden.

    Somewhere, a truth commission is waiting in the wings.

    Dec 06th, 2013 - 12:24 am - Link - Report abuse 0

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