Dolar Blue On It's Way To 10

[Bajo_cero2]

This mesure (to drop dollars to the market) is useless. It has been done before and it was a disaster. De la rua, for example, took international loans to do it.

The point if view of the President is that she doesn t care the price of the blue as soon as the federal reserves in dollars remains. She thinks that the price of the blue is a matter between privates.

So, it is the first time this point of view is enforced. Will see what happens.

Eithout the dollar corralito, the reserves disappear fast and after that the country is in a real default. See the chart in wikipedia what happensvwith the follar in 1989 when there were no dollars in the federal reserves and nobidy gave a loan to ARgentina. Regards

 

[ajoknoblauch]

I think Bradly is right, 100m injection would dry up fast. Lots of people would jump at the chance to buy dollars at a such a cheap price, and we'd be right back to the current levels after a few weeks. Would not be a wise way to spend 100m.

Nobody has accused the CFK administration of wisdom.