Argentine central bank confirms policy restricting access to foreign currency

Monday, January 19th 2015 - 07:36 UTC

Full article 9 comments

Argentina will not end its controls restricting access to foreign currency in the near term, Central Bank President Alejandro Vanoli was quoted as saying in an interview published on Sunday in the government supported newspaper Pagina 12. Read full article

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Klingon
“Vanoli also challenged critics and urged presidential hopefuls to explain how exactly they would eliminate foreign exchange restrictions. Argentina is holding presidential and congressional elections next October.”

This baboon is out of ideas and has no clue what he is doing.
I went to buy coffee beans yesterday (177 pesos for 500 grams, that's up over 100% in 2 years).
Jan 19th, 2015 - 09:56 am - Link - Report abuse 0
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Captain Poppy
This guy is a banker or a Capo? I will go with the 3rd....idiot.
Jan 19th, 2015 - 10:55 am - Link - Report abuse 0
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Don Alberto
@ 1
Prices years 2014 to 2009.

Café Colombiana ¼ kg, good quality: 68.50 54.00 45.00 37.00 34.50 31.25 28.75 26.25 22.50 21.00 19.00 17.50 15.00
Jan 19th, 2015 - 05:42 pm - Link - Report abuse 0
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Pugol-H
“Russia was also considering a currency swap loan”

Argentina is paying 7% on the Chinese deal, wonder what this one will be.

Being “shut out of global credit markets” doesn’t seem to stop Argentina from borrowing money, albeit at a commensurate interest rate.

The party goes on.
Jan 19th, 2015 - 06:19 pm - Link - Report abuse 0
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Briton
Dunno whu ya just don't join the Euro.
Jan 19th, 2015 - 07:41 pm - Link - Report abuse 0
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Troy Tempest
Even the Chinese are realising they shouldn't be bailing out VENEZUELA and ARGENTINA.

Maduro got no more than a pat on the head from China at the last meeting.

Arg. is only getting a Commodities for Cash deal - mortgaging their future potential to earn.
Jan 19th, 2015 - 08:48 pm - Link - Report abuse 0
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Pugol-H
@6 Troy Tempest
Given the current oil price/glut, Venezuela has lost its importance to China, as well as many other people.

Argentina however still has things they want, all commodities though, no manufactured goods/technologies/services.
Jan 20th, 2015 - 05:43 pm - Link - Report abuse 0
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Briton
Perhaps China wants land to build its nuclear base..lol
Jan 20th, 2015 - 07:20 pm - Link - Report abuse 0
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yankeeboy
Every time I see that blank stare from this moron I feel like he needs a stamp right across his forehead that says DOOFUS.
Jan 20th, 2015 - 09:43 pm - Link - Report abuse 0
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