Tag: Argentine peso

• Wednesday, June 6th 2012 - 22:59 UTC

  Argentine president pledges to turn her dollar savings into Pesos and urged ministers to follow

  

  Argentine President Cristina Fernández insisted Wednesday on the need of saving in Pesos instead of US dollars and announced that she would “pesify” her dollar fixed-term bank deposit, urging her ministers to do the same.

• Thursday, May 31st 2012 - 02:46 UTC

  “Dollar clamp” cases will be dealt in the courts warns Argentine Chief Justice

  

  In spite of the barrage of statements is support of currency exchange controls (or clamped dollar) implemented by the Argentine government, the Supreme Court chief justice admitted that it could soon have to deal with complaints.

• Wednesday, May 16th 2012 - 06:51 UTC

  “I’m predictable, no shocks” says CFK after Tuesday’s mini run on the US dollar

  

  After a day of intense trading in the ‘blue’ (informal) market for US dollars which reached a new high of 5.50 Pesos, Argentine President Cristina Fernández assured on Tuesday evening that there will be no economic ‘shocks’ or a ‘system of multiple exchange rates’ as “has been rumoured during the whole day”.

• Monday, August 22nd 2011 - 07:01 UTC

  Argentina needs ‘no contingency or emergency plan’ to face the crises

  

  Economy Minister Amado Boudou rejected the possibility that Argentina launches a brusque devaluation of its currency to make exports more competitive and insisted Argentina needs no emergency or contingency plan to face the challenge of the current crisis in the developed economies.

• Thursday, August 4th 2011 - 06:32 UTC

  While the world rejects flood of dollars, in Argentina it’s a ‘flight to safety’

  

  While in the rest of South America governments are trying to make the inflow of US dollars more difficult in Argentina the greenback is in great demand as the coming presidential election has triggered a solid “flight to safety”.