Blue dollar in freefall - why?

[jblaze5779]

At what point does even the IMF deny Arg a loan? They have to know they'll never get paid back, right?

 

[elhombresinnombre]

A lower dollar may be bad news for expats but is good for the country, as it makes exports more competitive.

In my opinion it also reflects the uncertainty over the USD on some of the money markets due to the happenings in Washington. The USD seems to have weakened against the Euro in the past few days. (Source: OandA.com)

 

[gracielle]

Elecciones en Estados Unidos: con la victoria de Biden, Argentina ya le debe casi u$s 500 millones más al FMI

El dólar se debilitó la semana pasada frente a otras monedas como el euro, la libra esterlina, el yen y el yuan, las otras monedas que componen la canasta de los Derechos Especiales de Giro (DEG), el "activo de reserva internacional" del Fondo.

www.cronista.com

8 November 2020
Elections in the United States: with the victory of Biden, Argentina already owes almost US$500M more to the IMF.
The dollar weakened last week against other currencies such as the euro, the British pound, the yen and the yuan which are the other currencies that make up the basket of Special Drawing Rights (SDR), the "international reserve asset" of the Fund.....

 

[Rich One]

We lived true who bought were la

At what point does even the IMF deny Arg a loan? They have to know they'll never get paid back, right?

Take the Greek case, the IMF and the German Banks chose to Extend the terms forever , its always better on the balance sheet to state: Customer given a grace period of x years with no interest, instead of showing hole in the balance sheet; a loss equal to 60 % of the total assets.
The German Banks stocks would have plummeted , so the EU bank came to the rescue..!

 

[QuilmesSlo]

The change is too large to be explained by the dollar marginal downward performance.

In the scheme of things, it's healthy -- the peso cannot plummet to nothing without causing a larger crisis.

 

[Bajo_cero2]

In a few words they sell usd at some alike the official rate but in bonds.

 

[MilHojas]

Para enfriar el dólar "contado con liqui", Martín Guzmán aceptó emitir deuda en dólares a una tasa del 16,99%

Son tasas más altas que las que se pagaron a Hugo Chávez y mayores también a las del mega canje de 2001. Fue el costo de darle salida a fondos extranjeros y así intentar evitar una disparada violenta del dólar. - Dólar blue hoy: a cuánto cotiza este jueves 12 de noviembre

www.clarin.com

Se emitió nueva deuda, en dólares, con vencimiento en 2030 y 2035, a precio de mercado. ... el Gobierno emitió nueva deuda en dólares a una tasa de interés de 16,99% para el caso de los AL30D

 

[Fatty Tuna]

Does anyone know? Went from 187 two weeks ago, to 146 today.

After the rate made a very quick run up from low 120s to 195, the correction it's experiencing now is normal.

 

[another]

A lower dollar may be bad news for expats but is good for the country, as it makes exports more competitive.

it's exactly the opposite - lower dollar means stronger peso, and the stronger the local currency is, the less competitive the exports of this country are

 

[on the brink]

it's exactly the opposite - lower dollar means stronger peso, and the stronger the local currency is, the less competitive the exports of this country are

You are right - that's what I meant, but phrased it wrong. Thanks for the correction.