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Kicillof blasts 'speculators' for promoting a run from the Peso to the US dollar

Thursday, July 30th 2015 - 09:16 UTC
Full article 26 comments

Argentina's economy minister and central bank governor came out strongly to warn the “devaluation club” and speculators in the foreign exchange market who allegedly are pushing the value of the US dollar and sinking the local Peso. Read full article


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  • GatoTuPun

    This boy should man up. Stop blaming everything except your own inability.
    You should be talking about this:

    “en tres años se cerraron un millar de fábricas” (UIC)...
    or how you destroyed Aerolineas...
    or the tragic state of FAdeA

    but, hey, just point and shout about the speculation in a parallel market that your own currency control created. That will distract those of limited understanding.

    Jul 30th, 2015 - 10:35 am - Link - Report abuse 0
  • Captain Poppy

    260,000 pesos for a Toyota Corolla.......what does that make the peso valued at? Enrique why don't you tell us? The blue dollar is right on.

    Jul 30th, 2015 - 10:56 am - Link - Report abuse 0
  • darragh

    “Queried about the so called “blue” dollar, Vanoli pointed out “black markets” existed in all countries”

    Er... no I don't think so - I've never been aware of any 'black market' in Ireland or the UK or USA or Australia or New Zealand etc. etc.

    Jul 30th, 2015 - 11:05 am - Link - Report abuse 0
  • Klingon

    Pretty soon his smoke and mirrors act will come tumbling down. He will still be blaming everyone else though.

    Jul 30th, 2015 - 11:34 am - Link - Report abuse 0
  • yankeeboy

    The fcking Kidiots are sickening. They print 40% more pesos and they're blaming the falling peso on speculators, sheesh give me a break.
    Austral Elvis is a moron. He's not qualified to work in McD in the USA.

    The black market exists because most people can't get the gov't rate and are willing to pay a lot more to have something of value.

    BCRA is bankrupt. They just to know it yet.

    I can't wait until they're all streetfighting over the last bag of beans in BA.

    Jul 30th, 2015 - 11:36 am - Link - Report abuse 0
  • ChrisR

    Delusional, the lot of them.

    Singer will be along within 2 years and he will have his money irrespective of the invective from this bunch of losers, if they can still be found alive.

    Jul 30th, 2015 - 01:02 pm - Link - Report abuse 0
  • Klingon

    The K klan are going to have a hard time stretching this circus to the elections. Any minute now Killichoff will be running to China or Russia for a quick payday loan to try and cover the bonar 2015 due soon.
    He is back selling off Anses (our retirement fund) again today.

    Jul 30th, 2015 - 01:15 pm - Link - Report abuse 0
  • Conqueror

    Who remembers the phrase “Money talks”? It's talking to Kicillof and argieland. It's saying “You're a failure”. In truth, Kicillof is bailing desperately hoping to avoid sinking without a trace before October. Of course, Kicillof doesn't understand 21st century economics. He's only 40 years out of date.

    Jul 30th, 2015 - 01:24 pm - Link - Report abuse 0
  • Captain Poppy

    “Queried about the so called “blue” dollar, Vanoli pointed out “black markets” existed in all countries”

    How does the black market work for $u dollars in....the USA? Does someone pay.....$1.09 for a $1.00? Is he an idiot or a moron?

    Every few weeks it's reported “retail” sales in Argentina up....XX% and so on. I think retailers are finally running purchases through the registers. Anyone NOT from Argentina like....Enrique may not know registers are integrated into AFIP. No register reported sales. S0 many try to run a sale without the register. Ask for a register receipt and watch them get all nasty. They will even offer a reduction for a cash sale.

    Jul 30th, 2015 - 01:29 pm - Link - Report abuse 0
  • yankeeboy

    I've often wondered about retail sales, you don't count by units so it must be in Pesos. If there's 40% inflation but only 15% growth in sales aren't sales falling dramatically in volume?
    Yes, yes they are.
    That's why even with increased $ sales there's many many many stores closed throughout the shopping districts in BA.

    Same goes for tax revenue, month after month the crow that tax revenue is up, well yes it is, but its up in terms of pesos and somewhere around 2011 the tax revenues stopped being larger than the inflation rate.
    Hence, they've been in recession since 2011.
    Some would say Depression

    Jul 30th, 2015 - 01:36 pm - Link - Report abuse 0
  • ElaineB

    So, this is another thing Kicillof doesn't want people to talk about. Don't mention the poor and they don't exist. Don't talk about the crashing peso and it isn't true. He is a child out of his depth and using childish tactics to try to run an economy.

    Ugh! Still, remember him boasting that he can hypnotise CFK? Always makes me laugh.

    Jul 30th, 2015 - 02:15 pm - Link - Report abuse 0
  • paulcedron II

    “Kicillof blasts 'speculators' for promoting a run from the Peso to the US dollar”

    “speculators” says the repugnant dwarf...
    la cause is inflation, you imbecile x 1 million.

    Jul 30th, 2015 - 03:59 pm - Link - Report abuse 0
  • Mick23

    Bring back mutton chop Charlie and Mr. Sunday....
    Couldn't be any worse ....
    Kicmioff is a knob..!
    But wait Maximus Pratius will fix everything...

    Jul 30th, 2015 - 05:02 pm - Link - Report abuse 0
  • Z-ville

    If the peso is this stable and stellar currency that he claims it is, why not just let everyone exchange dollars and pesos freely?

    In the normal civilized part of the world I can go to any Forex office anytime and buy as many dollars, pounds, Euros, Yen etc I can afford. And our finance minister doesn't go on the evening news and call me a vulture or speculator for doing so.

    So why can't people do that in Arg?

    Jul 30th, 2015 - 06:16 pm - Link - Report abuse 0
  • Briton

    In plain English, its everybody's else's fault except Argentina's.

    Jul 30th, 2015 - 07:23 pm - Link - Report abuse 0
  • ElaineB

    I do love the picture editor. Kicillof always looks like the village idiot. CFK always looks like a good time girl way past her prime.

    Jul 30th, 2015 - 09:00 pm - Link - Report abuse 0
  • ilsen

    Kill-it-off, is destroying the Argentine Economy by way of his own hubris.
    There are none so blind as those that refuse to see.

    Jul 31st, 2015 - 12:16 am - Link - Report abuse 0
  • Z-ville

    I've noticed that the Args tend to blame all of their self-inflicted miseries and idiotic mismanagement on either “colonial injustice” or “vulture speculators”, regardless of what it is.

    In Arg there is no mistake too big to blame on others.

    Jul 31st, 2015 - 12:41 am - Link - Report abuse 0
  • 313toBioBio

    @€laine and Yankee...THere's no Accidents with Kiciloff. They're there to steal every dollar with Maduro in power and Brazil not in civil war. Why are we always calling the Kirchneristas idiots when they are making themselves multimillionaires while ruining Argentina...and latin america. Note to Chicurero about the crashing chilean peso.

    Jul 31st, 2015 - 01:04 am - Link - Report abuse 0
  • downunder

    ”....urged businessmen, bankers and industry leaders to “avoid talking about a foreign exchange market slowdown because it disturbs people.”

    Whatever goes wrong in Argentina, it is always somebody else’s fault.

    Jul 31st, 2015 - 08:14 am - Link - Report abuse 0
  • Briton


    the day they stop blaming others and take responsibly for their own actions, they may understand how to fix the dam mess.

    Jul 31st, 2015 - 01:59 pm - Link - Report abuse 0
  • yankeeboy

    After throwing away U$150MM they don't have the market rate Peso is up to 15/1 again.
    When will they learn?

    Maybe they should have used that U$ to allow some parts to be imported
    Just sayin...

    Jul 31st, 2015 - 06:46 pm - Link - Report abuse 0
  • Optimus_Princeps

    They don't really seem to understand economics, and neither do many of my former colleagues, even those that are generally well educated. They have an irrational fear of free trade economic policies fearing they will completely destroy Argentina's economy.

    Ignorance and fear of change afflict so many people. The K's are just the symptom of a much larger core problem that needs to be addressed.

    Jul 31st, 2015 - 09:00 pm - Link - Report abuse 0
  • MagnusMaster

    @23 you can blame the military dictatorship and Menem forma that. And I assure you that Macri will do an equally bad job if he gets elected

    Jul 31st, 2015 - 09:30 pm - Link - Report abuse 0
  • reality check

    Some economist, the answers simple.

    Use your own currency to conduct business.

    Oh, silly me.

    You don't ferkin have one, do you?

    Jul 31st, 2015 - 10:16 pm - Link - Report abuse 0
  • yankeeboy

    NML is asking Griesa to rule on the alter ego status of Arg gov't for YPF, Enarsa and BCRA.
    Plus embargoing the Bonar bonds

    What a fun month we have coming up!!

    Aug 01st, 2015 - 12:13 pm - Link - Report abuse 0

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