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Economy First significant reduction in the BCRA's interest-bearing liabilities in pesos
It took about 50 days for the Central Bank (BCRA) to show the first significant nominal decrease in the stock of debt remunerated in pesos. This huge and heavy liability, a true testimony of the excesses in monetary issuance by the Fernández administration, was reduced from $29.875 billion to...- SerenaCerv
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- argentina economy central bank measures central bank of argentina economic developments economic news financial markets interest-bearing liabilities monetary measures monetary policy peso reduction
- Replies: 1
- Forum: Buenos Aires News and Media
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FX Holiday today & Monday?
Due to the unstable FX situation with the Blue Dollar at $ 442 and climbing .... It was announced on TV the FX holiday for Monday...? Means no official rate will be available...? Please confirm.- RichardOne
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- argentina blue dollar currency market economic news exchange rate financial situation foreign exchange fx holiday market trends
- Replies: 3
- Forum: ExPat Life
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Economy Capital Flight Fell to $1.61B in Q1
Capital flight, defined as "the formation of assets abroad by the non-financial sector," fell from $3.64B in Q4 2011 to $1.61B in Q1 2012 according to the central bank. NASDAQ Article There are a lot of people who will argue that CFK didn't have much choice but to impose currency controls to...- MDirtBoy
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- argentina economy asset formation capital flight capital movement central bank central bank reserves cfk currency controls economic news economic policies financial sector foreign direct investment (fdi) investment strategy nasdaq article q1 2012 risk management
- Replies: 7
- Forum: ExPat Life
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Economy Multiple Exchange Rates
Lately there was a post wondering what the next move of the government would be. Apparently they are considering multiple exchange rates: http://www.cronista.com/economiapol...os-de-cambio-diferenciales-20120515-0059.html "Deputy Economy Minister Axel Kicillof's economic team is looking at...- Toronga
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- argentina economy capital goods currency policy deputy economy minister axel kicillof economic news economic strategy exchange exchange rate differentiation exchange rates expensive exchange rate favorable exchange rate financial transactions government policy importers multiple exchange rates non-essential items tourism u.s. dollars
- Replies: 9
- Forum: ExPat Life
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