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Argentina's dollar clamp intensifies following on Sunday's election results

Thursday, October 29th 2015 - 06:39 UTC
Full article 11 comments

Argentina on Tuesday halved the daily amount of dollars companies can transfer abroad without authorization, currency traders said, while the country's insurance regulator put new limits on the amount of hard currency assets insurers can hold. Read full article

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  • Papamoa

    Any new government taking power in argentina will instead of seeing a pile of cash in the central bank will see a pile of IOU`s signed by Christina to the value of 27 billion dollars.

    Oct 29th, 2015 - 10:13 am - Link - Report abuse 0
  • ChrisR

    @ 1 Papamoa

    Damn, you beat me to it!

    It makes me wonder WHY the Kirchner Club want to be in power with things as they are?

    Oct 29th, 2015 - 11:10 am - Link - Report abuse 0
  • ElaineB

    @2 I don't think they wanted to be in the front line - Scioli can take the direct fire - but they don't want to be cast out to a place where they can be prosecuted. I think they expected to sweep in, meddle a bit and then when the shit hits the fan, CFK to waltz back in as the saviour.

    Oct 29th, 2015 - 11:55 am - Link - Report abuse 0
  • Klingon

    @3 My thoughts exactly
    Their plan is starting to unravel as the K's are fighting among-st themselves and Scioli.
    Macri and Massa are sitting back with a bowl full of popcorn watching the show.
    Couldn't happen to a worse bunch of people.

    Oct 29th, 2015 - 12:28 pm - Link - Report abuse 0
  • Conqueror

    @4. Don't the K's “plans” always unravel? I've finally figured out Kirchner's “new economic model”. It has more than one name. One alternative is “fantasy”. Another is “wish fulfilment”. Yet another is called “crawl to China”.
    @3. I'm not sure that I follow your reasoning. I was okay with the sweeping, the meddling and the shit. Not so sure about Kirchner and waltzing. Wouldn't she have to wait until 2019? And now that we know that only 35% of argies are brainless dolts, might not 4 years of reasonable government be enough to persuade the dolts that Kirchner should be shot?

    Oct 29th, 2015 - 12:51 pm - Link - Report abuse 0
  • psql

    @5 How can you always manage to be so gentle?

    Oct 29th, 2015 - 06:01 pm - Link - Report abuse 0
  • Enrique Massot

    These controls are wise. CFK knows well that there is nothing that the real powers in Argentina love more than launching concerted speculative maneuvers with the dollar to prevent a government's orderly transition.
    When everybody is going down a road, these astute financiers are already well on their way back.
    Of course, these velvet glove criminals are of no concern to posters such as Conqueror, who is intent on shooting kirchnerists only.

    Oct 29th, 2015 - 06:37 pm - Link - Report abuse 0
  • Jonaz_BsAs

    Econ-ignorance such as displayed by Massot is hard to come by these days. Had this clown had any integrity he would've joined the immaculate nations of Cuba or Venezuela. Rather, he has become a “champagne socialist” leeching off an advanced nation. Thank God, his numbers are dwindling, even in Argentina.

    Oct 29th, 2015 - 07:10 pm - Link - Report abuse 0
  • Captain Poppy

    I'd anyone else picking up a desperate vibe in Quequi's posts? One would think he has an attachment the the kirchner's.
    Tell us #7 do you strive to be Venezuela Tobi?

    Oct 29th, 2015 - 09:29 pm - Link - Report abuse 0
  • ilsen

    @3 ElaineB

    My thoughts exactly.

    Oct 30th, 2015 - 01:55 am - Link - Report abuse 0
  • Troy Tempest

    @3 Elaine,

    Precisely.

    @10 ilsen
    Just got back from Cuba this week.

    Two men were chatting in the bar ( not a joke ) between themselves, and trying to impress a young woman in her 30's sitting at the end.

    The loudly boasted of their travels to exotic LATAM places, and how they thought they might travel through Venezuela en route to elsewhere ...

    She told them very directly that the situation was very desperate for the people of Venzla - that they were a pair of naive fools who would get themselves robbed of all their possessions and likely be killed for their necklaces and jewellery they were wearing.

    Thoroughly unimpressed with the buffoons, she left.

    Oct 31st, 2015 - 10:18 am - Link - Report abuse 0

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