When Will The Peso Hit 10?

[Joe]

Argentina's president vows not to devalue currency

Devaluing the currency would strike right at the heart of Argentina's "economic model," she said. Mrs. Kirchner said she would never enact a policy that redistributes wealth from the poor and middle class to the wealthy. And that, she said, is exactly what a currency devaluation would accomplish.
"Nobody should expect anything from this government that is contradictory to the heart of this model," she said.

http://www.marketwat...-05-06-19485598

 

[Inferno.]

Argentina's president vows not to devalue currency

http://www.marketwat...-05-06-19485598

She knows of economy the same I known about nuclear physics. Someone should smack her in the head really hard.

 

[Rich One]

Rich One gave me same answer and I thought he was joking. It is no joke then. Wow !!!!!!!!!!!!

I had an incident once, but I was lucky. I came out of the ATM a kid and his mother followed me. She on my left, asked me the time (for distraction) . The kid on my right with his hand in my pocket. Fortunately I managed to fiercefully grab my money back out of his hand.

Perhaps you don't follow the news to learn, about people being detained, by thugs at gunpoint, while driving and driven around in their car thru ATM's until the CARDS are exhausted . It happens every day

 

[khairyexpat]

I should admit that I am still 80% on CNN BBC & FOX channels for news.
I know the robbery is everywhere, but this is first time to hear about the "ATM tour" !!!!!!!!!!!!!!!!!!
May be that is another mistake.

 

[Inferno.]

I think you should have added other options, like.. in 5 days, 2 weeks, a month. I doubt they will be able to contain this much longer at the rate it has been increasing. I'm putting my money in less than 10 days (well, May on the poll, so I'm beting on the next 30 days )

I won

http://www.infobae.c...en-la-City.html
http://www.ambito.co...a.asp?id=687105
http://www.lanacion....ra-vez-a-los-10

Unfortunately the price is still rising and it doesn't seem to be near the end. We are following the steps of Venezuela's model. If she is serious about not wanting to devaluate more the currency (even if they dont want to admit it, we have been devaluating -proof-), we are going to have more controls (anual spending limits on credit cards, imports) and/or putting a dual-currency regime if things don't improve (well, that is a devaluation, but they could say the official currency is the other one and ignore a simple truth).

Either way, everyone loses.

 

[splaying]

May 7, 2013 Compra: Venta: 10.01 10.05

 

[trennod]

They understand very well that neoliberal dogmas means the lost of the job, poverty, etc.

They only understand what they are told and those are the scare tactics used by this government., which is exactly what you have written above.
But its not true, Menem was a horrible president. That was not neoliberal. Argentina has never lived with a good, centre right government.

If you think Argentina can build its economy and country from this protecionist and corrupt government you will be sadly disappointed. I know your a lawyer Bajo, but I can tell you being in business and from what I have seen there just arent the skills here to do it without foreign help and without opening the doors to an extent. That will never happen under this government.

 

[sleslie23]

Without masive foreign investment it will take ten years to close the energy gap, optimistically

10? I was thinking more like 100, if not 1000.

 

[GS_Dirtboy]

Hey, kids! Fasten your seat belts! Mommy is going to do that "roller coaster thing" with the car!

 

[PaulBee]

Assuming the question referred to the Blue Rate, everyone who said "May" should get a gold star beside their name. : )
But, isn´t a low valued peso, even if only by the Blue rate, an incentive for people to spend in Argentina ?