Argentina's Finance Minister Alfonso Prat Gay said on Thursday that the first day in the market without the dollar restrictions imposed by the previous administration, had been positive and as they had planned or expected. Compared to the previous multi-tier system, the dollar appreciated in the range of 25% against the Peso in the unified market. Read full article
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Smart guy...Dec 18th, 2015 - 10:43 am - Link - Report abuse 0
Article: Compared to the previous multi-tier system, the dollar appreciated in the range of 25% against the Peso in the unified market.Dec 18th, 2015 - 11:46 am - Link - Report abuse 0
It wasn't the dollar that appreciated. This reflects the usual sort of distorted argento-centric thinking. It was the ARS that was in de facto devaluation. The dollar value in other markets was fairly stable. It was the recognition that the previous government-controlled exchange rate and value of the ARS were laughably false and contrived, the perfect metaphor for Peronism.
You are right, the Argentine peso devalued by around 30%. The dollar was made stronger against other currencies because of the rise in interest rates in the U.S.. Interest rates in the US have been at 'emergency levels' for the last eight years because of the economic crisis the Democrats inherited from the Republicans. It has been a long slow struggle to get the US economy in a more healthy condition. The stronger dollar is not good news for emerging markets like Brazil.Dec 18th, 2015 - 12:26 pm - Link - Report abuse 0
I think the U$25B in inflows to BCRA over the next quarter is a pie in the sky number.Dec 18th, 2015 - 01:28 pm - Link - Report abuse 0
I haven't seen any real figures out of BCRA yet. I wonder how many off the books loans there are?
Think about how crazy and inept the Kirchners were at managing the country. When the one eyed wonder took over it was around 3/1 and now its 14/1. Second only to Venezuela.
Socialism at its best
The only people who get rich under Socialism are the rulers and their cronies.
Everyone else gets desperately poor.
@2Dec 18th, 2015 - 01:48 pm - Link - Report abuse 0
Why don't you tell us where you are from?
No, Argentine is not a valid answer that anyone will believe.
@5.Dec 18th, 2015 - 02:10 pm - Link - Report abuse 0
Why don't you tell us where you are from?
No, “Argentina” is not a valid answer that anyone will believe.
Oh I am Argentina, live in Mendoza, am not European descended, know more about the UK than you do, and will just let you know life isn't fair, so you just have to accept all those facts I just gave you.Dec 18th, 2015 - 02:47 pm - Link - Report abuse 0
@Yep. The socialists have engineered the weakest non recovery in the history of American recessions. In spite of population increases fewer people are employed fulltime than when Obamy took office. Every morning Jimmy Carter thanks God for Obamy knowing that he is hence absolved of the burden forever of the label of being the worst American president in history.Dec 18th, 2015 - 03:53 pm - Link - Report abuse 0
Also, who appointed Raines to head Fannie Mae? lol.
And… you Yanks have a choice between Trump, Cruz both due to get handbagged by Hilary remote controlled by Bill. BahahahahaDec 18th, 2015 - 04:01 pm - Link - Report abuse 0
NostrisDec 18th, 2015 - 04:17 pm - Link - Report abuse 0
You've already claimed you have Piedmontese ancestry. Stop lying.
And life isn't fair. You're right. Normal well-adjusted people don't dwell on it constantly but get on with actually living. You should try it.
Trump continues to defy all prophecies of the left media.Dec 18th, 2015 - 04:35 pm - Link - Report abuse 0
By today's metrics bill would be just right of center.
And it appears that Trump has picked up the Putin endorsement.
Skip, he is incapable of that. Over the last couple of years we have witnessed a progressive deterioration in Nostrils mental state. Poor sod is obviously in some institution somewhere. He still shows occasional flashes of intelligence but the fake Brazilian handle really shows how low he has sunk. He is definitely not in Mendoza thats for sure.Dec 18th, 2015 - 04:45 pm - Link - Report abuse 0
@7Dec 18th, 2015 - 06:48 pm - Link - Report abuse 0
Your ASS is now obscuring most of the UK! :-D
@5 @2 Why don't you tell us where you are from?Dec 18th, 2015 - 07:29 pm - Link - Report abuse 0
---> DNI y residencia permanente en pcia Sta Cruz.
Per què és important d'on soc? Sóc qui soc.
Most satisfying to hear that Thinks pension just got devalued by 30%! He'll have to make do with White Horse now :-))))Dec 18th, 2015 - 09:48 pm - Link - Report abuse 0
15. That Arg pension doesn't go very far in Scotland.Dec 18th, 2015 - 09:52 pm - Link - Report abuse 0
@14Dec 18th, 2015 - 11:14 pm - Link - Report abuse 0
So you are of Chilean background.
You can all think what you want, I am not Brasileiro or many of the othe clones in the past who have claimed to be me. Just because I was first a very articulate, open-minded, intelligent poster, and then became a very monotone, closed-minded, successful troll, doesn't mean I want to deceive people with multiple nicks.
I have only one account, only post with one name at a time (which I do change but always with troll in it to prove my identity), and Mercopress can vouch for that go ahead ask them.
Nostril, you are a fibber. You just dont realise that you have a Jeckle and Hyde personality disorder. Please consult your Doctor.Dec 18th, 2015 - 11:48 pm - Link - Report abuse 0
Now tell us how you don't lie nostrol. Still claiming Mendoza huh. You must be as brilliant as the others.Dec 19th, 2015 - 12:21 am - Link - Report abuse 0
75 pesos for a pinapple.....a bit steep wouldn't you say?
How is your dream of that autarky working out for you with IADB providing Macri 5 billion and opening the trade restriction and several Argentine delegations in DC , NYC and other parts of the Northeast?
@ 17 .... you seem to misunderstand repeated indications that I am not of chilean background - something many would perceive as fightin' words, not unlike intimating that someone is from Jujuy. Visiting the neighbours and being aware of what they are up to does not stain one's DNA, and shopping at the Zona Franca in Punta Arenas for things that Kirchner made impossible to get in Argentina does not make one a chilote. Unless pcia Sta Cruz has been annexed by Chile whilst I was napping. Though I am quite certain that even the chilenos would not wish to possess territories so thoroughly sullied by the Kirchners.Dec 19th, 2015 - 01:20 am - Link - Report abuse 0
Just because I was first a very articulate, open-minded, intelligent poster, and then became a very monotone, closed-minded, successful trollDec 19th, 2015 - 06:47 am - Link - Report abuse 0
I think successful is pushing it.
Trolls don't usually disappear from threads after they've been proven wrong..... again..... and again....... and again....... but then again you are monotonic.
I just don't find any challenging remarks. Different matter.Dec 19th, 2015 - 08:38 am - Link - Report abuse 0
Of course you don't find any remarks challenging (please note word order)!Dec 19th, 2015 - 09:24 am - Link - Report abuse 0
This reflect badly on you in two ways. First, because that speaks to your cognitive dissonance and secondly because you run away from so many threads when you get challenged.
But you ain't going anywhere.
Look, when there are open minded people in this website let me know.Dec 19th, 2015 - 09:32 am - Link - Report abuse 0
ummmm fail.Dec 19th, 2015 - 10:51 am - Link - Report abuse 0
How am I closed minded?
Serious question...... the stage is all yours.
You have not come to Argentina yet you felt all free and unrestrained to criticize it's people, culture, government, and anything else that came up.Dec 19th, 2015 - 11:15 am - Link - Report abuse 0
Then still had the temerity to say I had no right to do the same about other countries by looking at Google image thumbnails.
@ 26 Some things are just too obvious, too self-evident, as manifest as the moon. In the case of both Argentina and cancer, one need not have the cancer to form certain informed and largely accurate opinions. On the other hand, there are things here that can momentarily remind you of what a great place this could be. An afternoon ride along the Carrileufu river from Cholila to Esquel is a bit like blissful morphine, and can make you forget about that cancer for a while. The spectacle of trash burning in the middle of Avenida Néstor Kirchner in Río Gallegos will bring you back to earth.Dec 19th, 2015 - 12:25 pm - Link - Report abuse 0
You must live a very tortured life. Go back to Chile, your homeland.Dec 19th, 2015 - 04:36 pm - Link - Report abuse 0
#28 Christ Nostrils, what are you and your personas 12 ? Get a life.....better yet a job.Dec 19th, 2015 - 05:00 pm - Link - Report abuse 0
@26. It's likely that a fair percentage of us have never been to argieland and nor we would we want to. Do you think we have an urge to be beaten up, robbed, molested or murdered? Maybe when you're civilised.Dec 20th, 2015 - 04:53 pm - Link - Report abuse 0
You see, you have this reputation. With a population of 40+ million, you decided to attack, invade and occupy islands that belonged to someone else with a population of only about 1,500. How fortunate that those islands and their population had a caring big brother that believed in proper humanity. So big brother sailed 8.000 miles and, despite many losses, kicked your sorry arses out.
It doesn't matter whether you, personally, accept that the Falkland Islands belong to the Falkland Islanders. You still support the nutjobs that think the Islands belong to them. Would you give the Islands back?
The fact is that you are part of a country that thinks it can do what it likes, ignores the UN Security Council, ignores international law when it doesn't suit, makes up new laws to support breaches of the UN Charter, has more legal judgments against it than any other, constantly refuses to pay its debts, lies continuously.
Want any more?
@30 One more. Though there are many more.Dec 20th, 2015 - 10:05 pm - Link - Report abuse 0
Argentina: highest robbery rate in the western hemisphere. In fact the word Argentina is derived from an indigenous word meaning unrepentant thief.