MercoPress. South Atlantic News Agency
Argentina's energy minister, the official with largest amount of funds abroad
Almost 100 million pesos (approx US$ 7.3 million) are held in offshore accounts by officials from the current Argentine administration economic Cabinet, a figure higher than the 18 million pesos President Mauricio Macri reported as having in a Bahamas account. Read full article
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Disclaimer & comment rulesAt least our new finance minister knows how to manage his own finances, unlike the mighty midget. Who can blame them for having funds outside the country with the last government we had.
Jun 09th, 2016 - 09:57 am - Link - Report abuse 0Elitism at its finest.
Jun 09th, 2016 - 03:08 pm - Link - Report abuse 0Anyone who knows anything about argie currency will tell you that the first thing you do with it is convert it to something of value and hide it from sight.
Jun 09th, 2016 - 07:18 pm - Link - Report abuse 0So let's see about Aranguren. Not only did he double his fortune last year, but as Energy minister he still owns 16 million in Royal Shell stock. No conflict of interest there.
You can dress them up like Italians but they still act like Bolivians.
Rg obviously is incapable of managing fiscal policy.
Jun 10th, 2016 - 03:17 pm - Link - Report abuse 0So why not just adopt the euro or yuan or dollar and avoid the burden?
They tried at one time pegging the argie peso to the dollar.
Jun 10th, 2016 - 06:12 pm - Link - Report abuse 0It was understandably a colossal failure, as has been the case of every other argentine attempt to devise workable monetary policy. In this particular case it reflected the recurring argentine tendency to overvalue the peso (similar to the overvaluation of other things in Argentina that result from an overvalued national ego).
https://en.wikipedia.org/wiki/Convertibility_plan
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