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Urgent meeting of Argentine
economic team as US dollar
jumps 10% to 8.75 Pesos

MercoPress [Montevideo, Uruguay], by Staff

Original Article

Posted By:PageTurner, 3/22/2013 3:56:48 PM

President Cristina Fernandez called an urgent meeting on Wednesday evening of her economic team following a day of hectic trading in the currency exchange market which had the US dollar climb to 8.75 Pesos in the parallel market, expanding the gap with the official rate to almost 70%. Attending the meeting were Economy minister Hernan Lorenzino, Deputy Minister, Axel Kicillof and the president of the Central bank Mercedes Marcó del Pont.

Comments:
A new Argy mess - here comes la hiperinflacion! Remember: The new pope loudly and publicly condemned all the fiscal shenanigans that led up to it. Cristina must feel like her keister is in a sling.

      


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Reply 1 - Posted by: Japanorama, 3/22/2013 4:07:54 PM     (No. 9239041)

Argentina, the answer to your problem is in your name.

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Reply 2 - Posted by: stablemoney, 3/22/2013 4:17:51 PM     (No. 9239054)

The economics minister for Argentina and Christina think if you need money, just print some.

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Reply 3 - Posted by: bkt23, 3/22/2013 4:34:56 PM     (No. 9239082)

For the record, the U.S. dollar didn´t "jump" anywhere; the Argentine peso fell.

If it´s any consolation, the U.S. dollar will fall, too, fairly soon.

got metal?

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Reply 4 - Posted by: shepsmum, 3/22/2013 5:20:22 PM     (No. 9239128)

This is much higher than the official rate...the government has been controlling how many dollars citizens can get, and see what happens? Not to mention numerous other poor economic decisions

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Reply 5 - Posted by: dragonlearner, 3/22/2013 5:38:05 PM     (No. 9239140)

The left never learns from history when it comes to economic matters.

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Reply 6 - Posted by: Rafter, 3/22/2013 6:15:10 PM     (No. 9239186)

Don´t weep for Argentina.

The Pope can bail them out.
The Vatican´s got billions.
He cancelled his newspaper subscription so he´s got extra change in his pocket.

Or they could find some sucker to sell the Falkland Islands to.
You can´t miss what you never owned.

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Reply 7 - Posted by: ziel, 3/22/2013 6:28:43 PM     (No. 9239196)

That explains why Cristina was into Falklands lately.
Divert attention , she is learning from Zippy.

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Reply 8 - Posted by: lotsamojo, 3/22/2013 7:11:22 PM     (No. 9239243)

I know Argintina is a basket case but are they in a race to outdo the EU PIGS and Cyprus?

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