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Argentine minister 'satisfied' with the market response on first day without the dollar clamp

Friday, December 18th 2015 - 09:14 UTC
Full article 31 comments

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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  • Moderator

    Smart guy...

    Dec 18th, 2015 - 10:43 am - Link - Report abuse 0
  • Marti Llazo

    Article: “Compared to the previous multi-tier system, the dollar appreciated in the range of 25% against the Peso in the unified market.”

    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.

    Dec 18th, 2015 - 11:46 am - Link - Report abuse 0
  • ElaineB

    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
  • yankeeboy

    I think the U$25B in inflows to BCRA over the next quarter is a pie in the sky number.
    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.

    Dec 18th, 2015 - 01:28 pm - Link - Report abuse 0
  • tHroUGH_THE_lOOKING_GlASS

    @2

    Why don't you tell us where you are from?

    No, “Argentine” is not a valid answer that anyone will believe.

    Dec 18th, 2015 - 01:48 pm - Link - Report abuse 0
  • Conqueror

    @5.

    Why don't you tell us where you are from?

    No, “Argentina” is not a valid answer that anyone will believe.

    Dec 18th, 2015 - 02:10 pm - Link - Report abuse 0
  • tHroUGH_THE_lOOKING_GlASS

    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
  • chronic

    @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.

    Also, who appointed Raines to head Fannie Mae? lol.

    Dec 18th, 2015 - 03:53 pm - Link - Report abuse 0
  • The Voice

    And… you Yanks have a choice between Trump, Cruz both due to get handbagged by Hilary remote controlled by Bill. Bahahahaha

    Dec 18th, 2015 - 04:01 pm - Link - Report abuse 0
  • Skip

    Nostris

    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.

    Dec 18th, 2015 - 04:17 pm - Link - Report abuse 0
  • chronic

    Trump continues to defy all prophecies of the left media.

    By today's metrics bill would be just right of center.

    And it appears that Trump has picked up the Putin endorsement.

    Dec 18th, 2015 - 04:35 pm - Link - Report abuse 0
  • The Voice

    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
  • Zaphod102

    @7

    Your ASS is now obscuring most of the UK! :-D

    Dec 18th, 2015 - 06:48 pm - Link - Report abuse 0
  • Marti Llazo

    @5 “@2 Why don't you tell us where you are from?”

    ---> DNI y residencia permanente en pcia Sta Cruz.

    Per què és important d'on soc? Sóc qui soc.

    Dec 18th, 2015 - 07:29 pm - Link - Report abuse 0
  • The Voice

    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
  • yankeeboy

    15. That Arg pension doesn't go very far in Scotland.

    Dec 18th, 2015 - 09:52 pm - Link - Report abuse 0
  • tHroUGH_THE_lOOKING_GlASS

    @14

    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.

    Dec 18th, 2015 - 11:14 pm - Link - Report abuse 0
  • The Voice

    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
  • Captain Poppy

    Now tell us how you don't lie nostrol. Still claiming Mendoza huh. You must be as brilliant as the others.

    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?

    Dec 19th, 2015 - 12:21 am - Link - Report abuse 0
  • Marti Llazo

    @ 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
  • Skip

    “Just because I was first a very articulate, open-minded, intelligent poster, and then became a very monotone, closed-minded, successful troll”

    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.

    Dec 19th, 2015 - 06:47 am - Link - Report abuse 0
  • CapiTrollism_is_back!!

    I just don't find any challenging remarks. Different matter.

    Dec 19th, 2015 - 08:38 am - Link - Report abuse 0
  • Skip

    Of course you don't find any remarks challenging (please note word order)!

    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.

    Dec 19th, 2015 - 09:24 am - Link - Report abuse 0
  • CapiTrollism_is_back!!

    Look, when there are open minded people in this website let me know.

    Dec 19th, 2015 - 09:32 am - Link - Report abuse 0
  • Skip

    ummmm fail.

    How am I closed minded?

    Serious question...... the stage is all yours.

    Dec 19th, 2015 - 10:51 am - Link - Report abuse 0
  • CapiTrollism_is_back!!

    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.

    Then still had the temerity to say I had no right to do the same about other countries by looking at Google image thumbnails.

    Dec 19th, 2015 - 11:15 am - Link - Report abuse 0
  • Marti Llazo

    @ 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
  • CapiTrollism_is_back!!

    You must live a very tortured life. Go back to Chile, your homeland.

    Dec 19th, 2015 - 04:36 pm - Link - Report abuse 0
  • Captain Poppy

    #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
  • Conqueror

    @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.

    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?

    Dec 20th, 2015 - 04:53 pm - Link - Report abuse 0
  • Marti Llazo

    @30 One more. Though there are many more.

    Argentina: highest robbery rate in the western hemisphere. In fact the word Argentina is derived from an indigenous word meaning “unrepentant thief.”

    Dec 20th, 2015 - 10:05 pm - Link - Report abuse 0

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