MercoPress. South Atlantic News Agency
Argentine central bank discards 'any devaluation' of the Peso in 2015
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
Comments
Disclaimer & comment rulesI wouldn't bet on that!
Nov 24th, 2014 - 07:20 am - Link - Report abuse 0Remember King Canute!
Nov 24th, 2014 - 10:11 am - Link - Report abuse 0CFKs regime reminds me of the Little Dutch Boy.
Nov 24th, 2014 - 11:31 am - Link - Report abuse 0Every 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.
it seems this imbecile does not know that the central bank cannot decide any devaluation.
Nov 24th, 2014 - 11:54 am - Link - Report abuse 0devaluation is produced every fucking day through inflation.
all these corrupt wankers will finish their days in jail or in the islets, as they deserve.
Actually they are in charge in Argentina Paul.
Nov 24th, 2014 - 12:26 pm - Link - Report abuse 0Nothing to do with the Falkland Islands. Your problem. Deal with it or suck it up.
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.
Nov 24th, 2014 - 12:38 pm - Link - Report abuse 0I 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.
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!
Nov 24th, 2014 - 12:51 pm - Link - Report abuse 0BTW Venezuela wants its U$1B in overdue oil bills.
That should be fun to watch
@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...
Nov 24th, 2014 - 02:09 pm - Link - Report abuse 0http://www.ambito.com/diario/noticia.asp?id=768387
You can only hold back the tide for so long
Nov 24th, 2014 - 03:11 pm - Link - Report abuse 0This 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 0Those damn Yanquis and their pathetic dollar.
Nov 24th, 2014 - 05:34 pm - Link - Report abuse 0”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
@7 yankeeboy
Nov 25th, 2014 - 01:52 am - Link - Report abuse 0BTW Venezuela wants its U$1B in overdue oil bills.
Any useful links to this? I'm interested. Thanks.
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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....
@11
Nov 25th, 2014 - 02:50 am - Link - Report abuse 0You 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.
“Ridiculous” - 'moi'?
Nov 25th, 2014 - 04:29 pm - Link - Report abuse 0Shoot 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 : )
The frightened Hedgehog speaks !
Nov 25th, 2014 - 09:49 pm - Link - Report abuse 0The 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.
Bad Times in Buenos Aires.
Nov 27th, 2014 - 03:00 pm - Link - Report abuse 0It’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....
Some interesting news articles about Venezuela future. Maybe Argentine trolls can read about their impending future:
Nov 28th, 2014 - 02:28 am - Link - Report abuse 0http://panampost.com/adam-dubove/2014/11/26/party-infighting-in-venezuela-could-force-maduros-exit/
17. I hear the black market rate went from 100/1 to 150/1 in a day after the OPEC meeting.
Nov 29th, 2014 - 11:40 pm - Link - Report abuse 0They'll be into hyperinflation soon...3...2...1
kaboom
It is currently bouncing around 130/1. Which is a 30% change in one month.
Nov 30th, 2014 - 04:32 pm - Link - Report abuse 0I think the brakes have failed on this bus.
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