To see the effect of Argentina’s peso devaluation, head to the country’s most popular art show.
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Showing posts with label U.S. currency. Show all posts
Showing posts with label U.S. currency. Show all posts
Monday, May 26, 2014
Friday, October 12, 2012
Denying Dollars to Holders Echoes ’02 Seizure: Argentina Credit
A move by a soybean-growing province in northern Argentina to pay its dollar debt in pesos is raising the specter that holders of the nation’s $19 billion of local U.S. currency bonds won’t get their money back.
Monday, October 8, 2012
Argentina Central Bank Wants Public to Save in Pesos, Abandon Dollar
BUENOS AIRES--The president of Argentina's central bank has affirmed the government's policy of eliminating the U.S. dollar as a transaction and savings medium in the South American economy.
Saturday, August 4, 2012
Argentina celebrates bond payoff as end of an era
Bond payoffs are supposed to be boring, but Argentina’s president is celebrating Friday’s final $2.3-billion (U.S.) payment on a bond given to people whose savings were confiscated a decade ago, calling it a lesson for European countries now mired in foreign debt.
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