MercoPress. South Atlantic News Agency
The 'blue' dollar ended trading on Wednesday at 13.55 Argentine Pesos
Following the Argentine government’s proposal to change the debt’s payment 'location' (jurisdiction) from New York to Buenos Aires, the US dollar closed on Wednesday three cents up to 8.33 pesos in banks and exchange offices of the City, while the “blue” rate added a massive 35 cents to trade at 13.55 pesos, a new record. Read full article
Comments
Disclaimer & comment rules14, 15, 16, 17...... other than some minor drops here and there (which were cheered and announced by posters such as Think and his other brainwashed compatriots) the only way is up.
Aug 21st, 2014 - 09:06 am - Link - Report abuse 0I won't predict when but it will hit 20. It is inevitable because the government's policies are pushing it in only one direction.
Just wait until BCRA's float runs dry. It won't be long now. The only think backing up the Peso is the “full faith and credit” of Argentina. What's that worth?
Aug 21st, 2014 - 10:22 am - Link - Report abuse 0:)
Anglotino: “I won't predict when but it will hit 20”
Aug 21st, 2014 - 11:18 am - Link - Report abuse 0Coward ;). Come on... I say, before end of year. You hold against?
It would not surprise me if TMBOA sought to outlaw the Blue Dollar and clones completely just to hide the real problem from the 'people'.
Aug 21st, 2014 - 12:43 pm - Link - Report abuse 0It will just go underground of course and climb even faster.
Things must be chaotic if you work in the finance markets, but it is funny to sit by and watch them all squirming and being frightful of what to do.
The answer is simple: just do it, if only for the “Motherfuckerland”!
Too bad you cannot buy dollars in Argentina .....you can make a killing. Buy for 8.50 and sell at 13.40. It's almost impossible to get dollars again.
Aug 21st, 2014 - 12:55 pm - Link - Report abuse 0They will be nationalizing foreign banks soon.
I know some die hard CFK supporters who defend and support absolutely everything she says, no matter how ridiculous. They also deny vehemently that the central bank is printing pesos to the tune of 40% a year and that all the social programmes are paid by good financial management, this despite the figures from BCRA being publicly available. They do however only save in USD and when confronted as to why they don't agree with CFK who says “He who invests in dollars loses”, they quickly change the subject.
Aug 21st, 2014 - 02:44 pm - Link - Report abuse 0Its funny when it comes down to ones own money vs ones own politics how the money wins and the politics is conveniently ignored to suit oneself.
2014.08.21 (15:45; 3:45pm):
Aug 21st, 2014 - 07:16 pm - Link - Report abuse 0USD 8.405 Blue 13.85 13.95 Arbolito 13.70 Euro 18.05 18.58
http://www.ambito.com/economia/mercados/monedas/dolar/
What!
Aug 22nd, 2014 - 03:23 am - Link - Report abuse 0More than a peso in just over a week?
Well 20 is getting here fast...... that's why I can't predict..... it's positively racing to it.
This last month:
Aug 22nd, 2014 - 10:46 am - Link - Report abuse 02014.07.21 USD 8.18 Blue 12.17 12.27 Euro 16.08 16.62
2014.07.28 USD 8.20 Blue 12.90 13.00 Euro 16.80 17.33
2014.08.04 USD 8.28 Blue 12.60 12.70 Euro 16.63 17.16
2014.08.11 USD 8.29 Blue 12.70 12.80 Euro 16.59 17.13
2014.08.19 USD 8.30 Blue 13.10 13.20 Euro 17.04 17.57
2014.08.21 USD 8.40 Blue 13.85 13.95 Euro 18.05 18.58
@ 8 Anglotino... today 14,35... another Peso bites the dust!
Aug 27th, 2014 - 10:43 pm - Link - Report abuse 0Gosh... that Speed, we are gonna reach 20 far before year end...
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