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Argentine central bank discards 'any devaluation' of the Peso in 2015

Monday, November 24th 2014 - 06:37 UTC
Full article 19 comments

The head of Argentina's Central Bank Alejandro Vanoli reaffirmed that “there won’t be a devaluation” of the Peso next year and stressed that the government of President Cristina Fernandez will not give in to pressure from the financial market and the export sector. Read full article

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  • golfcronie

    I wouldn't bet on that!

    Nov 24th, 2014 - 07:20 am - Link - Report abuse 0
  • CaptainSilver

    Remember King Canute!

    Nov 24th, 2014 - 10:11 am - Link - Report abuse 0
  • Idlehands

    CFKs regime reminds me of the Little Dutch Boy.

    Every member of her government is using every finger and every toe to block the holes in the economy but eventually they'll run out of appendages.

    Nov 24th, 2014 - 11:31 am - Link - Report abuse 0
  • paulcedron

    it seems this imbecile does not know that the central bank cannot decide any devaluation.
    devaluation is produced every fucking day through inflation.

    all these corrupt wankers will finish their days in jail or in the islets, as they deserve.

    Nov 24th, 2014 - 11:54 am - Link - Report abuse 0
  • Skip

    Actually they are in charge in Argentina Paul.

    Nothing to do with the Falkland Islands. Your problem. Deal with it or suck it up.

    Nov 24th, 2014 - 12:26 pm - Link - Report abuse 0
  • Klingon

    You can guarantee Argentina hasn't fixed it's money problems overnight with this baboon running the central bank. Continuing to borrow more money to throw at bloated soccial programs does nothing in the long run.
    I didn't think inflation was too bad over the last couple of months untill I went food shopping on Saturday. Some products are up 25% from when I last checked.

    Nov 24th, 2014 - 12:38 pm - Link - Report abuse 0
  • yankeeboy

    You should see a HUGE spike in inflation Q1-2 2015. They're pumping more $ into the system this last quarter than they did the last year!

    BTW Venezuela wants its U$1B in overdue oil bills.
    That should be fun to watch

    Nov 24th, 2014 - 12:51 pm - Link - Report abuse 0
  • Welsh Wizard

    @7 and it seems like they are trying to turn off the peso tap for a few days just before the explosion of pesos that will hit the system in order for the government to pay for the debts of the provinces come christmas...

    http://www.ambito.com/diario/noticia.asp?id=768387

    Nov 24th, 2014 - 02:09 pm - Link - Report abuse 0
  • Wallace

    You can only hold back the tide for so long

    Nov 24th, 2014 - 03:11 pm - Link - Report abuse 0
  • ChrisR

    This guy looks scared to death, if he's not careful he will be sucking on the end of the microphone, or something similar to get out of trouble.

    Nov 24th, 2014 - 04:44 pm - Link - Report abuse 0
  • Trunce

    Those damn Yanquis and their pathetic dollar.

    ”The Yen — an important regional currency — recently sank to a seven-year low against the now mighty U.S. dollar (USD). This is putting downward pressure on the Korean won and other Asian currencies.

    The situation is similar in Africa where the Kenyan shilling has hit a three-year low against the USD; the Nigerian naira recently set an all-time low against the dollar; the Ghanaian cedi has shed over 25 percent of its value against the greenback this year.“

    But more importantly here -

    ”The big Latin American loser is the Venezuelan bolivar, followed by the hopeless Argentine peso.”

    There's floatin' and there's sinkin' ... Take your pick ; )

    http://www.businessinsider.com/russia-is-losing-the-currency-wars-2014-11?IR=T

    Nov 24th, 2014 - 05:34 pm - Link - Report abuse 0
  • ilsen

    @7 yankeeboy
    BTW Venezuela wants its U$1B in overdue oil bills.

    Any useful links to this? I'm interested. Thanks.
    ---
    On a more historical note, from 1937;
    “ECONOMICALLY, Argentina has long been virtually a British colony. The United Kingdom is both the best customer and the chief source of imports of the country ; 85 per cent. of the railways are in British hands and the British dominate in other public utilities ; in shipping, the United Kingdom is over three times ahead of its nearest competitor, Greece ...”
    read more here;
    http://archive.spectator.co.uk/article/2nd-july-1937/18/commonwealth-and-foreign-anglo-argentine-relations

    ... interesting....

    Nov 25th, 2014 - 01:52 am - Link - Report abuse 0
  • Troll in The Dark

    @11

    You are so ridiculous it's not even amusing. The US dollar lost on average 57% of its VALUE between 2000 and 2012!

    So the “mighty” dollar even today is still well off the levels it trade in the 1990s and early 2000s. All of the rises the dollar has seen are from all-time lows.

    No one's impressed.

    Nov 25th, 2014 - 02:50 am - Link - Report abuse 0
  • Trunce

    “Ridiculous” - 'moi'?

    Shoot the messenger why don't you. I provided quoted from an article by Steve H Hanke, who seemingly possesses an attractive pedigree.

    http://www.businessinsider.com/author/steve-h-hanke?IR=T

    As for your point about the decline of the Dollar - hmmm Peso or Dollar??

    I'll have to think about that one : )

    Nov 25th, 2014 - 04:29 pm - Link - Report abuse 0
  • BOTINHO

    The frightened Hedgehog speaks !

    The look on his face says volumes: It appears that CFK is standing to his right, behind the curtain, either telling him to zip it, or she's giving him the finger.

    Nov 25th, 2014 - 09:49 pm - Link - Report abuse 0
  • ilsen

    Bad Times in Buenos Aires.
    It’s already a chaotic Thursday as a public transportation strike and a massive blackout hit the city of Buenos Aires this morning, sending the population into a frenzy. And it’s not even December yet.
    http://bubblear.com/strike-blackout-chances-youre-horrible-morning/

    A massive, unescapable clusterfuck....

    Nov 27th, 2014 - 03:00 pm - Link - Report abuse 0
  • Captain Poppy

    Some interesting news articles about Venezuela future. Maybe Argentine trolls can read about their impending future:

    http://panampost.com/adam-dubove/2014/11/26/party-infighting-in-venezuela-could-force-maduros-exit/

    Nov 28th, 2014 - 02:28 am - Link - Report abuse 0
  • yankeeboy

    17. I hear the black market rate went from 100/1 to 150/1 in a day after the OPEC meeting.
    They'll be into hyperinflation soon...3...2...1
    kaboom

    Nov 29th, 2014 - 11:40 pm - Link - Report abuse 0
  • ilsen

    It is currently bouncing around 130/1. Which is a 30% change in one month.
    I think the brakes have failed on this bus.

    Nov 30th, 2014 - 04:32 pm - Link - Report abuse 0

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