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Argentina's energy minister, the official with largest amount of funds abroad

Thursday, June 9th 2016 - 09:16 UTC
Full article 5 comments

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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  • Klingon

    At 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 0
  • chronic

    Elitism at its finest.

    Jun 09th, 2016 - 03:08 pm - Link - Report abuse 0
  • Marti Llazo

    Anyone 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.

    So 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.

    Jun 09th, 2016 - 07:18 pm - Link - Report abuse 0
  • chronic

    Rg obviously is incapable of managing fiscal policy.

    So why not just adopt the euro or yuan or dollar and avoid the burden?

    Jun 10th, 2016 - 03:17 pm - Link - Report abuse 0
  • Marti Llazo

    They tried at one time pegging the argie peso to the dollar.

    It 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

    Jun 10th, 2016 - 06:12 pm - Link - Report abuse 0

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