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  Topic: Argentine central bank reserves fall
below the 30bn dollars threshold
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Argentine central bank reserves fall
below the 30bn dollars threshold

MercoPress [Montevideo, Uruguay], by Staff

Original Article

Posted By:PageTurner, 1/18/2014 12:13:21 AM

Argentine central bank international reserves continued to erode and on Wednesday pierced through the 30bn floor threshold reaching 29.858bn dollars, the lowest level since November 2006. On Tuesday reserves stood at 30.019bn. Since the beginning of 2014 the Central bank has intervened daily trying to sustain the exchange rate with an “administered devaluation”, which so far has proven non effective. In the twelve months of last year the Argentine central bank lost 30% of its reserves. “The central bank intervened with sales in exchange houses and at the end of trading recovered some of the lost ground because of sales from

Comments:
The Argy mess is getting rancid fast. Helloooo hiperinflacion!

      


Post Reply  

Reply 1 - Posted by: Mike PHX, 1/18/2014 12:21:56 AM     (No. 9696477)

How does this end, PT? I´m sure Barry would help the Commie as much as he could, but he cain´t.
Will Venezuela revolt? Are they able to?

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Reply 2 - Posted by: Nevadadad46, 1/18/2014 12:22:07 AM     (No. 9696478)

She´s rapidly running out of other people´s money.

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Reply 3 - Posted by: NotaBene, 1/18/2014 2:22:36 AM     (No. 9696524)

Argentina sill simply default on her debt again. After all even the Pope is a Peronista now.

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