MercoPress, en Español

Montevideo, July 22nd 2019 - 08:10 UTC

 

 

Argentina plays the China card to bolster reserves: 800m pledged in first tranche

Wednesday, September 10th 2014 - 06:59 UTC
Full article 33 comments

The Argentine Central Bank foreign reserves would be bolstered this year with up to 800 million dollars in Yuans transferred by China due to the first tranche of the money of the swap agreement signed between both countries, according to banking sources in Buenos Aires. Read full article

Comments

Disclaimer & comment rules
  • Englander

    Good interest rate for China.

    Sep 10th, 2014 - 12:56 pm - Link - Report abuse 0
  • 4n conTroll

    The irrelevancy of the former powers in Europe and North America is now complete.

    Their leverage and influence over Argentina is not effectively zero.

    Congratulations on your slide into utter irrelevance.

    Sep 10th, 2014 - 02:04 pm - Link - Report abuse 0
  • yankeeboy

    2. Save us a place because you'll be there a few hundred years before we every could be.

    Wait, Argentina is already irrelevant what am I thinking!

    Sep 10th, 2014 - 02:08 pm - Link - Report abuse 0
  • 4n conTroll

    Whatever you say, facts are, you are irrelevant in this country at least now.

    Your relevance in the the rest of the world is irrelevant.

    Sep 10th, 2014 - 02:13 pm - Link - Report abuse 0
  • yankeeboy

    4. USA companies are still your largest employer.
    Not for long though
    I don't see many of the sticking around for long.
    I wonder if the Gov't can hire another 200-300K people next year.

    But what happens when everyone is working for the gov't?
    Hmm how does that work?

    I heard they closed down another clinic in BA due to its high infant mortality rate. Not too clean huh?

    Sep 10th, 2014 - 02:23 pm - Link - Report abuse 0
  • 4n conTroll

    They are not US companies, they are argentine companies.

    Just like the banks that stole the money in 2001 are not companies from the respective countries, but ”argentine' banks.

    Still irrelevant.

    Sep 10th, 2014 - 02:30 pm - Link - Report abuse 0
  • yankeeboy

    Silly boy, Banks are different than Corporations.
    GM is a USA company
    Ford is a USA company
    etc etc etc

    The Arg sub is irrelevant to their bottom line.
    Wait and see.

    Sep 10th, 2014 - 02:35 pm - Link - Report abuse 0
  • Pugol-H

    Money is spent before they get it, it’s only the first tranche and already 56 mil USD in interest alone.

    Tax pesos at work (for China).

    What price your independence now Toby.

    Sep 10th, 2014 - 04:55 pm - Link - Report abuse 0
  • 4n conTroll

    @7

    HAHAHAHAHAHAHAH.

    @8

    Independence from Europe and North America is priceless.

    Sep 10th, 2014 - 05:47 pm - Link - Report abuse 0
  • ChrisR

    Oh yes, it's all going swimmingly now.

    Glug, glug, ughhh.

    Sep 10th, 2014 - 05:50 pm - Link - Report abuse 0
  • gordo1

    I wonder what will happen to all those Argentine owned apartments in South Florida? Will the Chinese buy them?

    Sep 10th, 2014 - 06:38 pm - Link - Report abuse 0
  • yankeeboy

    My guess is that CFK has threatened the auto companies to keep people employed, probably offered them some sort of credit too.

    Not going to work.

    I can't see them sticking around much longer.
    :)

    Sep 10th, 2014 - 09:47 pm - Link - Report abuse 0
  • 4n conTroll

    How sad it is to be a country who has its entire faith in the hands of a far away referendum in another country:

    https://au.news.yahoo.com/world/a/24817901/scottish-referendum-yes-vote-to-independence-could-leave-australia-without-head-of-state-expert-says/

    Sep 10th, 2014 - 10:12 pm - Link - Report abuse 0
  • yankeeboy

    13. Silly child, don't you realize what is happening in your home country? Such minor little things you try to throw around when your Head Of State and her idiotic minions are destroying your future.

    Sep 10th, 2014 - 10:31 pm - Link - Report abuse 0
  • 4n conTroll

    What you after all this time fail to understand is that Argentines don't want to imitate YOUR putrid system. That does not mean that our system works, what it means is that we don't want to “borrow”, we don't want to “sign fishing treaties”, we don't want to agree to “free” trade, just because others do it or you northerners claim that is wise to do.

    Ultimately that is what fills you all with antagonism, the fact Argentina will not follow your model.

    Sep 10th, 2014 - 11:00 pm - Link - Report abuse 0
  • Troy Tempest

    “ ...we don't want to “borrow”

    ”Ultimately that is what fills you all with antagonism.“

    No,

    the truth is, you do want to ”borrow“.

    - what you don't want, is to ”pay back” the loan.

    It is WE who don't want you to borrow from us any more.

    Sep 11th, 2014 - 12:07 am - Link - Report abuse 0
  • 4n conTroll

    No we don't want to borrow. No Argentine person wants to borrow anymore and any government that borrows money is destined to fall quickly. We've had enough of debt.

    Sep 11th, 2014 - 12:12 am - Link - Report abuse 0
  • Captain Poppy

    Troy what would you call 800 million yuan.....a gift?

    Sep 11th, 2014 - 01:15 am - Link - Report abuse 0
  • bushpilot

    China is freeing us from “Anglos” by loaning us money.

    We don't want to borrow. We've had enough of debt.

    Sep 11th, 2014 - 01:57 am - Link - Report abuse 0
  • 4n conTroll

    @19

    Of course we can't just stop borrowing overnight, it takes a decade or two, but my generation certainly expects that this will be a temporary arrangement.

    Ultimately the goal is for Argentina to be completely unplugged from the criminal world bankers.

    Sep 11th, 2014 - 02:11 am - Link - Report abuse 0
  • Troy Tempest

    18 Poppy

    Yes, sounds like a contradiction , to me.

    Nostrils:
    “ We don't want to borrow from you!”

    Rational Dude:
    “Nostrils, we don't WANT to lend YOU anything”

    Nostrils:
    “ you Anglo's are trying to destroy Argentina”

    *sigh*

    Sep 11th, 2014 - 05:08 am - Link - Report abuse 0
  • Captain Poppy

    Troy he know's how he comes across ....no one is that much an idiot. Do you suppose he really believes what he types or he has been programmed to that level? Reminds me of a type of Manchurian Candidate.

    Sep 11th, 2014 - 09:14 am - Link - Report abuse 0
  • Klingon

    Maybe he is a badly programmed Bot?

    Sep 11th, 2014 - 10:58 am - Link - Report abuse 0
  • imoyaro

    “Of course we can't just stop borrowing overnight, it takes a decade or two...”

    BWAHAHAHAHAHA!

    Sep 11th, 2014 - 12:50 pm - Link - Report abuse 0
  • yankeeboy

    He knows exactly what he is doing, this is his outlet to vent his ever growing frustrations. His only outlet. Now that his choice is food or internet he comes here when he absolutely has to to vent his bile. He is growing increasingly unstable because he used to be able to vent every day but now its every couple of days and it will dwindle down to nothing as food will become more expensive and this will be a luxury he can no longer afford.

    Sep 11th, 2014 - 12:51 pm - Link - Report abuse 0
  • ilsen

    @25
    Too true.

    Sep 11th, 2014 - 01:24 pm - Link - Report abuse 0
  • 4n conTroll

    Food or internet? Just because I reallocate my resources to optimize efficiency and don't post as much here, food or internet? LOL

    Sep 11th, 2014 - 04:12 pm - Link - Report abuse 0
  • Captain Poppy

    #25 not only poor.....but to be poor in Argentina...that is like hell on earth. I bet his anger causes him to foam at the mouth. I bet there are days his frustration reaches levels where he has outbursts of violence and he takes it out on his mom, or there on him.
    Did you see newspapers are closing in Venezuela because they have no paper to print on? Can you imagine wiping your ass with a newspaper? They still have the toilet paper patrols. This......this paradise in Venezuela is Argentina's destiny.

    Sep 11th, 2014 - 05:21 pm - Link - Report abuse 0
  • 4n conTroll

    @28

    Poor in Argentina is far better than middle class in 50% of this planet. FACT, you lying anti-argie hater.

    Sep 11th, 2014 - 05:35 pm - Link - Report abuse 0
  • ilsen

    Which 50% would that be? The shit half?

    Sep 11th, 2014 - 06:15 pm - Link - Report abuse 0
  • Captain Poppy

    #29
    You must be paranoid titti boi......I own property in Argentina, married to a Portena, have extended family there and visit twice a year. Very paranoid indeed. I don't hate Argentine's...........I just hate you!

    And Kirchnerite's.....and socialists.....but more you.

    Sep 11th, 2014 - 07:18 pm - Link - Report abuse 0
  • yankeeboy

    You reallocated your internet budget to food.
    That's what I've been saying

    Its only going to get worse and you'll become crazier and crazier without a safe anonymous place to vent your bile.

    Being middle class in a 3rd world country is worse than being poor in a 1st world country. Why do you think we have immigrants with advanced degrees driving taxis here?
    The problem with Rgs is, every year you lose a little money and a little freedom, year in and year out and because its reletively small you don't notice until it too late.
    It is like a boiling a frog.
    They don't realize their dying until its too late.

    Sep 11th, 2014 - 09:32 pm - Link - Report abuse 0
  • ilsen

    The boiling frog analogy is the most apt one I have heard in regards to Argentina.

    Sep 11th, 2014 - 10:09 pm - Link - Report abuse 0

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!