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“Blue” dollar in Argentina further plummets as market waits for new rules

Tuesday, October 7th 2014 - 05:46 UTC
Full article 22 comments

The US 'blue' or informal dollar plunged 35 cents at the end of trading on Monday in Argentina to 14.95 Pesos after dropping another 20 cents last Friday, amid uncertainty about the new Central bank authorities policies and what is anticipated will be tighter controls on 'illegal' trading. Read full article

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  • chronic

    Who cares? No one except rotting roadkill.

    The entire market capitalization of all the companies listed on rotting roadkill's stock exchange is 00.18% that of the NYSE.

    rotting roadkill is so small so as to be insignificant on a world or even regional basis.

    Oct 07th, 2014 - 07:19 am - Link - Report abuse 0
  • Klingon

    Give it a week the dollar will jump right back up.
    You can't fix this messed up economy in 2 days.

    Oct 07th, 2014 - 09:30 am - Link - Report abuse 0
  • chronic

    rotting roadkill, pay your debts.

    Oct 07th, 2014 - 09:51 am - Link - Report abuse 0
  • paulcedron

    of course the blue dollar will rise again soon.
    it seems for these imbeciles the problem is the cost of foreign currency and not the inflation rate, the high public spending and the lack of dólares de inversión.

    btw, pay your debts little britain, most of all those 35 billion dollars you still owe to argentina since 1945

    Oct 07th, 2014 - 01:09 pm - Link - Report abuse 0
  • Z-ville

    “Finally Argentina's country risk climbed 1.6% to 750 basis points.”

    So Argentina's bonds are now the most expensive in the world to insure against default.

    Congratulations, Argentina! You are officially the worst borrower in the world.

    But we already knew that, didn't we...?

    Oct 07th, 2014 - 01:17 pm - Link - Report abuse 0
  • yankeeboy

    Btween now and the end of the year Argentina will pump 200,000,000,000 pesos into the system.

    Of course that won't do anything to inflation or the U$/Peso exchange
    according to Austral Elvis that is
    nothing at all

    morons

    Oct 07th, 2014 - 01:19 pm - Link - Report abuse 0
  • Conqueror

    @4. And how many billions do you owe the UK? Let's give you a clue. Wherever it started, it is now, at least, 5 times as much. First because you didn't repay when agreed. Then because you used it to purchase warships we built. Third because you used it to buy other weaponry. Fourth because you used the warships and weaponry to attack BRITISH territory in a particularly cowardly manner. And Fifth because we hate you. Because you dishonourable little slugs that managed to kill 255 British servicemen and 3 Falkland Islanders. Those last 3 deaths being argie war crimes. For which we DEMAND that you hand over the war criminals so that we can make a video of them being beheaded. SLOWLY. That'll be a legitimate BRITISH expression!

    Oct 07th, 2014 - 03:35 pm - Link - Report abuse 0
  • Jonaz_BsAs

    One has to wonder what the heck goes on in UBA's Facultad de Ciencias Económicas. Kiciloff is trying the medical equivalent of bloodletting - a praxis abandoned early in the 19th century. When he's done he will be less popular than Cavallo was in 2002, which indeed is a feat.

    Oct 07th, 2014 - 04:19 pm - Link - Report abuse 0
  • Think

    Argie Turnip at (8)

    As far as I know, the best treatment for Hemochromatosis is still a good old Phlebotomy (Bloodletting)...

    As far as I know, the best treatment for speculative financial attacks against a national economy is still good old control and punishment of illegal economic activities...

    That's exactly what Axel is doing...
    And the results speak for themselves...

    Oct 07th, 2014 - 05:31 pm - Link - Report abuse 0
  • Monkeymagic

    The results speak for themselves....hyperinflation, collapsing trade, collapsing currency, massive corruption and massive 3rd world style poverty.

    Keep it coming Axel...we are waiting for your next move...lol

    Oct 07th, 2014 - 06:15 pm - Link - Report abuse 0
  • Jonaz_BsAs

    Except this patient suffers from ebola.

    Oct 07th, 2014 - 06:17 pm - Link - Report abuse 0
  • Ballus Bagus

    Argentina is a complete basket case. It's like watching a train wreck in slow motion

    Oct 07th, 2014 - 06:19 pm - Link - Report abuse 0
  • ChrisR

    @ 9 Lunatic
    “And the results speak for themselves...”

    PMSL³. You are THE Lunatic of Argentina, never mind the shithole that is Chubut.

    YES, the results DO speak for themselves and I await the imminent collapse of TDC's economy, it won't be long now.

    Perhaps Kickitoff will be the new President, who knows? He certainly has the Argie way about him: arrogant, stupid beyond belief and unwilling to listen to others. He sounds the ideal candidate to utterly kill the entire country, never to return to civilised society.

    Oh, even for a lunatic, you are funny!

    Oct 07th, 2014 - 06:21 pm - Link - Report abuse 0
  • yankeeboy

    I know I'd love to see Austal Elvis running the country.
    It would be hilarious.
    He's even batshit crazier than the current hag.
    And who ever thought that could be possible?

    Oct 07th, 2014 - 06:34 pm - Link - Report abuse 0
  • Think

    Argie Turnip at (11)

    If your diagnosis was correct and the patient really has Ebola.......
    Well...... Then Axel's, Cavallo's or even Singer's cure will be equally ineffective, would it?

    Oct 07th, 2014 - 06:34 pm - Link - Report abuse 0
  • yankeeboy

    There's actually nothing anyone can do except let the economy crash so it can be rebuilt.
    There will be a massive devaluation, there will be hyperinflation, there will be a long depression.
    This will happen
    There's nothing that can stop this train.

    The only thing these 2 retards are doing is making it the recovery longer.
    :)

    Oct 07th, 2014 - 06:45 pm - Link - Report abuse 0
  • Jonaz_BsAs

    Argentina, like any ebola-patient, can survive if the right treatment is administered; which in the case of Argentina is firing 500,000 ñoquis.

    Axl, unfortunately, has his training in 19th century econ (Marx -> Keynes), so he'll just keep on printing paper and blame everybody else for the failures.

    Axl should read Simon Sebag Montefiore's brilliant book 'Stalin: The Court of the Red Tsar'. Just like in current day Argentina, Stalin believed that his model was perfect and thus any failure could only be explained by sabotage.

    Stalin ended up killing 20 million Russians.

    Oct 07th, 2014 - 07:23 pm - Link - Report abuse 0
  • yankeeboy

    I hear there's still a few Gas Freighters waiting for payment...there must be no U$ left at BCRA.

    Of course it can be fixed, but it won't Austral Elvis and his merry band of retards have no clue what to do.
    They think printing money doesn't cause inflation.
    That's what they believe
    No matter there's plenty of history and facts to show them he's wrong
    so very very wrong
    He doesn't believe it
    So there you are
    As I said, Massive devaluation, hyperinflation, depression
    Worse than any living Rgs has even known
    and longer
    Wait and see

    Oct 07th, 2014 - 07:29 pm - Link - Report abuse 0
  • Anglotino

    “And the results speak for themselves...”

    I just knew Think couldn't resist commenting on this.

    Oct 07th, 2014 - 08:41 pm - Link - Report abuse 0
  • malicious bloke

    “It's like the butterfly effect but with donkey shit”

    Oct 07th, 2014 - 09:06 pm - Link - Report abuse 0
  • Think

    Argie Polymath Turnip at (17) says...:
    “Argentina, like any Ebola-patient, can survive if the right treatment is administered”
    I say...:
    You know the “Right Treatment” for Ebola???
    Ģeeeeeeeee Man....., that's a guaranteed Nobel Prize in Medicine for you and Argentina next year laddie!!!
    Congratulations........

    Oct 07th, 2014 - 09:24 pm - Link - Report abuse 0
  • reality check

    There is no treatment for Ebola, you fight it by identifying it and isolating it.

    Your half way there.

    Oct 08th, 2014 - 09:16 am - Link - Report abuse 0

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