Tag: US dollar in Argentina’s parallel market

• Wednesday, May 30th 2012 - 04:43 UTC

  If lucky at the end of the labyrinth, CFK might bless you with a few bucks

  

  The following is an instructive of the steps to follow in the labyrinth set up by the Argentine bureaucracy to have access to a limited amount of US dollars. The instructive should help clear some of the latest measures implemented by the administration of President Cristina Kirchner and was published on Tuesday by The Buenos Aires Herald and Ambito Financiero.

• Wednesday, May 30th 2012 - 04:30 UTC

  Argentines will have “to change their mentality and start thinking in Pesos”

  

  Argentine Senator Aníbal Fernández and Interior Minister Florencio Randazzo came on stage in defence of the new restrictions placed on the purchase of dollars by assuring “they are there to preserve the value of the currency,” and that further actions might be taken.

• Tuesday, May 29th 2012 - 00:14 UTC

  Dollar restrictions target money of ‘non-declared origin’ argues Argentine Senator

  

  Argentine Senator and former cabinet chief Anibal Fernandez strongly defended on Monday restrictions imposed by the government on dollar purchases arguing it would be “suicidal” to return to a flexible scheme which he insisted was implemented in defence of “the interests of Argentina”.

• Sunday, May 27th 2012 - 03:47 UTC

  August 3, an emblematic date for Argentina’s “dollar-clamp” policy

  

  The current strict measures to counter the purchase of US dollars and by extension capital flight, implemented by Argentina apparently have a calendar date full of political significance: August 3 when the Boden 2012 fully matures.

• Friday, May 25th 2012 - 06:56 UTC

  Argentina extends dollar purchase control to residents travelling abroad

  

  Argentina announced on Thursday the use of a new computer tool to gather information from buyers of holiday packages from travel agencies, in another attempt to control savers thirst for greenbacks after the government's crackdown on access to dollars.

• Thursday, May 24th 2012 - 05:35 UTC

  “Blue” dollar in Argentina reaches 6.15 Pesos; 36% gap over official exchange

  

  Wednesday was another day of intense trading for the money exchange market in Buenos Aires with the “blue” or black market dollar reaching a new record, 6.15 Argentine Pesos, which for the first time was higher than the system used for getting dollars out of the country.

• Wednesday, May 23rd 2012 - 06:56 UTC

  The US dollar stronger than the Euro in Argentina’s parallel market

  

  For the second day running the Argentine Peso weakened against the US dollar climbing half a cent from Monday and closing at 4.43 and 4.48 on the local foreign exchange market.

• Friday, May 18th 2012 - 09:41 UTC

  Argentine former central bank chief anticipates “de facto devaluation”

  

  A former Argentine central bank president warned that if the economy follows on the current course, a “de facto devaluation” is round the corner because of the growing gap between the official and parallel exchange rates for the US dollar.

• 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”.

• Wednesday, May 16th 2012 - 03:17 UTC

  US dollar in Argentina’s ‘blue’ (parallel) market soars 5% on Tuesday

  

  The US dollar in Argentina’s parallel market soared on Tuesday as strong unsatisfied demand moved to the so called ‘blue’ market as a result of the increasing controls for the purchase of the greenback.