Next Official Devaluation

[Brunette36]

It wont be a devaluation, not this year, not next one. Get use to a subsidize dollar.

The Central Bank is running out of dollars..

 

[Rich One]

With the Real going to 2.7 it 's suicidal for Argie Exports. The Dollars purchased at official rate are a drop in the Bucket ,, what tilts the balance are the Contado con liqui operations which calls for severe tax checks by the AFIP .

 

[Brunette36]

With the Real going to 2.7 it 's suicidal for Argie Exports. The Dollar purchased at official rate is a drop in the Bucket ,, what tilts the balance are the Contado con liqui operations which calls for severe tax checks by the AFIP .

I believe you are right.

 

[glasgowjohn]

The more they put off a devaluation , the worse it will be when it happens.

Brazil is managing its FX rate to benefit people who create jobs - strangely there is no parallel market in Brazil.

What is Argentina doing?

Pegging the rate to an artificial figure that they and only they have chosen . It bears no relation to supply and demand

But they dont care as 95% of their voters dont care what the exchange rate is today or tomorrow or next year

 

[Brunette36]

This government is a joke, what do you expect?

 

[Somewhereinba]

That is illegal and it's hurting the economy. You should report that people to the AFIP.

Are you a comedian by any chance?

 

[Matiasba]

There were sooooooooooooo many economists, journalists, politicians that predicted an end of the world situation (just like last December -or any December- provoked intentionally to destabilize the government). They predicted a dollar of 20 at least, inflation to the high and less reserves than 24 billion.

Today we have a lower inflation, the last three months was something like 1% (not INDEC data but Bein and some Massa consultant...anyway, nobody says there has been an increase on inflation rate): inflation is going to the low due (a small) recession.

We have 31 billion as reserves

We have a dollar at 12

 

[Brunette36]

In reality more like 10 billion!

http://www.lanacion.com.ar/1750855-las-reservas-liquidas-del-banco-central-son-de-us-10556-millones

 

[Somewhereinba]

There were sooooooooooooo many economists, journalists, politicians that predicted an end of the world situation (just like last December -or any December- provoked intentionally to destabilize the government). They predicted a dollar of 20 at least, inflation to the high and less reserves than 24 billion.

Today we have a lower inflation, the last three months was something like 1% (not INDEC data but Bein and some Massa consultant...anyway, nobody says there has been an increase on inflation rate): inflation is going to the low due (a small) recession.

We have 31 billion as reserves

We have a dollar at 12

High inflation is terrible for an economy - there are so many case studies to prove it the fact this Government believes it's ok to run with 30%+ year on year is ridiculous in itself. Not only that the central bank is dictated to by what the Government wants - this is also a policy that has never worked.

 

[EdRooney]

That has to be the most economically brain dead article I have ever read. Currency reserves are not calculated based on 100% liquidity because no country is going to fail to diversify its reserves portfolio with investments (bonds) and risk hedges (eg swaps).

How anyone can seriously read La Nación and not die laughing is beyond me.