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Argentine central bank building reserves: much depends on farmers and bankers

Monday, December 28th 2015 - 08:38 UTC
Full article 21 comments

This short week and the month of January will test if the Argentine administration of president Mauricio Macri can continue to build up Central Bank reserves following on the decision to end the dollar clamp, let the foreign exchange float, together with the prospect of loans and hoarded grain sales. Read full article

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  • Troy Tempest

    “Best 1st Quarter in a decade”...

    What decade? Oh, the “won decade” of K-ism.

    That makes sense.

    CFK is out, clamp is over, money comes in, farmers relax and investors lend $5b because they trust the government again...

    Waiting for NOSTRILS to denounce the farmers as traitors, and Enrique to accuse them of making a profit, investors as souled speculators etc.

    Don't they want to see Argentina successful.... ?

    Dec 28th, 2015 - 09:01 am - Link - Report abuse 0
  • CapiTrollism_is_back!!

    So there actually are 25 billion in the Central Bank???

    1, 2, 3 for the VERY long list of people in this very website that need to apologize to former Central Bank officials then...

    You think they will apologize like men?

    or just give another chance to trot my famous age old adage?

    Stay tuned.

    Dec 28th, 2015 - 10:04 am - Link - Report abuse 0
  • ElaineB

    @2 Aww, bless your innocence. It does not mean there is 25B to spend. Most of it is already allocated. Like when you have 100 pesos in your piggy bank but you know you owe your Mum 60 pesos for basement rent and you have to pay off 20 pesos on that loan for extra large shoes and you must eat today so that is another 20 pesos…….. you don't actually have 100 to spend.

    TTT, you used to be a lot more intelligent than this. Lairy and provocative but more intelligent.

    Dec 28th, 2015 - 11:29 am - Link - Report abuse 0
  • Skip

    The peso keeps testing sub 13..... which is what I expected. As high as 12.93 today.

    The blue dolar was 14.2 before currency controls were relaxed. The market doesn't have to price in a hedge against stupid government interference so the currency is strengthening.

    With increasing exports expect it to stregthen further especially as people won't be so desperate for US dollars.

    I expect it to head into 12 territory and stay there for the foreseeable future.

    Dec 28th, 2015 - 12:47 pm - Link - Report abuse 0
  • chronic

    Happy days! No? What, soy futures headed south? Economics - we don't need no stinkin' economics! Taxes, smaxes. Let's borrow some cheap money. Now who do we know that doesn't know us?

    Dec 28th, 2015 - 02:22 pm - Link - Report abuse 0
  • yankeeboy

    My guess is the farmers way over promised on the hoarded grains. I don't they have anywhere near u $8b sitting around.

    Dec 28th, 2015 - 10:37 pm - Link - Report abuse 0
  • georgeneurus

    TROY YOU ARE SO INTERESTED IN OUR WAY TO SUCCESS, WORRY BOUT YOUR 2014 CUTS AND PAEDOS TORYs POLITICIANS.

    Dec 29th, 2015 - 12:08 pm - Link - Report abuse 0
  • yankeeboy

    The peso and the economy as a whole are in uncharted waters. Much will depend on the massive (just out of reach) loans and mystical grain sales over the next quarter. If they happen as they're hoping it may come out okay.
    If not, they won't.
    Nobody knows.
    And it's way to early to predict anything.

    Dec 29th, 2015 - 01:45 pm - Link - Report abuse 0
  • chronic

    The current situation would make a great board game or better yet an educational simulation program to illustrate the effects of various inputs.

    Poor economically illiterate Che and Marie could use a hands on web based utility to illustrate the macro and personal effects of the coming changes and the impacts of each. At logon each player could be assigned a net worth, an income stream representative of a sector and associated expenses, a credit score and a risk based finance rate and a series of unexpected, randomized life events. Players could also vary global policies including borrowing, infrastructure investment, austerity, protectionism, etc. Inflation and net worth appreciation would be hardwired functions. Successful thievery would limited to no more than 10% of the participants and they could suffer imprisonment and civil forfeiture. Elvis and Cretina could be game icons for stupid and foolish behavior. Quite easy to flesh out from here. Recommended ages: 12 and under (the adults are too immature).

    Dec 29th, 2015 - 05:09 pm - Link - Report abuse 0
  • Troy Tempest

    @7 George

    Tell us about paedos - I bet you're fascinated by the subject :-D

    Dec 29th, 2015 - 09:25 pm - Link - Report abuse 0
  • georgeneurus

    you tell us, after all is a bit creation. mostaqueali.blogspot.com/2014/07/elite-pedophilia-in-uk.html

    Dec 30th, 2015 - 04:42 am - Link - Report abuse 0
  • Troy Tempest

    11 nino

    I see you have been doing some paedo reading, as well as talking about it.

    Try Paedophilia in Argentina, then, sickening.
    Argentina:

    http://www.bishop-accountability.org/Argentina/
    “Police in Argentina say they have broken up an international network of paedophiles who swapped pornographic images and videos of children.
    More than 60 addresses across Argentina were raided.
    Police seized computer equipment they allege was used to spread and sell the images via social media sites.
    The investigation launched almost two years ago, when Interpol traced the pictures from London-based websites to internet servers located in Argentina.
    Officials said dozens of people had been charged.
    Deputy Security Secretary Dario Ruiz said members of the ring used pseudonyms to link up with other paedophiles via social networks.
    Mr Ruiz said some of the computers contained images of children younger than 10.
    He said the Argentine police had been alerted to the existence of the ring by Interpol, who in February 2011 had become aware of the existence of websites based in London which were used for sharing the images.”

    http://www.bishop-accountability.org/Argentina/
    “Paedophile has sentence reduced because his six-year-old victim 'was showing signs of being gay' in Argentina”

    Read more: http://www.bishop-accountability.org/Argentina/
    Follow us: @MailOnline on Twitter | DailyMail on Facebook

    http://www.bishop-accountability.org/Argentina/

    “He raped a child and they say he's innocent because the child is gay”

    Read more: http://www.bishop-accountability.org/Argentina/
    Follow us: @MailOnline on Twitter | DailyMail on Facebook

    Dec 30th, 2015 - 06:37 am - Link - Report abuse 0
  • georgeneurus

    NAHHH TROY , YOU FAILED AGAIN, YOU CAN COMPARE IWTH US, YOU INVENTED IT.AND WE DONT HAVE PAEDOSM IN THE CONGRESS AS THE TORI HAS.
    www.examiner.com/article/the-normalization-of-pedophilia

    time.com/2974381/England-land

    www.infowars.com/muslim-pedoph

    newsflavor.com/world/Europe/pedophile-disemboweled-in-uk

    mostaqueali.blogspot.com/2014/07/elite-pedophilia-in-uk.html

    www.thenewamerican.com/world-news/europe/item/19041...

    youviewed.com/2014/12/02/anonymous-sects-its-sights-on...

    http://www.presstv.ir/detail/2014/07/05/369998/over-40-officials-in-uk-pedophile-ring/

    Dec 30th, 2015 - 02:36 pm - Link - Report abuse 0
  • Troy Tempest

    13 enjoy your reading?

    :-D

    Dec 30th, 2015 - 05:28 pm - Link - Report abuse 0
  • Skip

    We invented it? Paedophilia?

    Who are we?

    And if we did invent something so vile as this, then why in the hell did Argentina adopt it? Copy it?

    This new poster is an imbecile.

    Anyway back to the actual article. Seems the peso is happy in the 12.9-13 range. Even though the blue dollar is still over 14.

    Seems they are haemorrhaging dollars any longer either.

    Dec 30th, 2015 - 11:57 pm - Link - Report abuse 0
  • georgeneurus

    thruth hurt troy???.did we adopt pedophilia in our congress skip??? jeeeeeeee/we are happy with the peso skip and we not hemorrhage from the ass as those young kids do cause paedos shit fuck them all up. hypocrite mother fucker...

    Dec 31st, 2015 - 06:47 am - Link - Report abuse 0
  • Troy Tempest

    16 Georgy-boy, or is it Sussie?

    Why are you obsessed with talking about paedophilia in a graphic manner?

    Dec 31st, 2015 - 07:51 am - Link - Report abuse 0
  • georgeneurus

    YOU SUNSHINE TELL ME WHY YOUR NATION IS FULL OF PAEDOS...

    Dec 31st, 2015 - 12:39 pm - Link - Report abuse 0
  • Skip

    Oh god it is!!!!!

    Jan 01st, 2016 - 02:25 am - Link - Report abuse 0
  • Troy Tempest

    18 Sussie - lol lol lol .... you can't hide what you really are.

    :-D

    Jan 01st, 2016 - 06:14 am - Link - Report abuse 0
  • Skip

    I wonder if she stops taking medication or whether it just stops working?

    Jan 01st, 2016 - 10:48 am - Link - Report abuse 0

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