https://www.bloomberg.com/quote/USDARS:CUR USD/ARS at 54.50 according to Bloomberg, with the peso declining by 20% from Friday
Updated list of stocks https://finance.yahoo.com/quotes/US...ba,vist,meli,glob,desp,ts,bfr,fra.ba,/view/v1
from 12 August: "Macri’s Shock Setback in Argentina Deals Blow to Re-Election Bid" https://www.bloomberg.com/news/arti...primary-elections-seen-as-referendum-on-macri https://en.wikipedia.org/wiki/2019_Argentine_general_election https://en.wikipedia.org/wiki/Opinion_polling_for_the_2019_Argentine_general_election https://en.wikipedia.org/wiki/Primary_elections_in_Argentina USD/ARS little changed on Monday 26 August (compared to 23 August) at 55.29 https://www.bloomberg.com/quote/USDARS:CUR
"Argentine Markets Sink Anew on Fernandez’s Harsh IMF Statement" https://www.bloomberg.com/news/arti...-imf-and-sends-argentine-assets-heading-lower
%% Exactly; + its a shame, Argentina is such a beautiful country. Contrast with Chile, they went to a private pension for all...........................................................................Would to God, US would do that
%% Thats really a a shame; SS should invest in stocks/ETFs=much better return.........................................................................................................
"Argentina Imposes Currency Controls" https://www.zerohedge.com/news/2019-09-01/argentina-imposes-curency-controls USD/ARS closed at 59.49 on Friday. According to https://www.bloomberg.com/quote/USDARS:CUR it has traded in a range of 53.88 to 60.50 this morning At the time of writing (10.50am ET and 11.50am in Argentina), it's at about 57.37, but as ZH notes in the article below "Argentine Peso Soars Amid Zero Liquidity Despite "Very Concerning" Capital Controls Plan" https://www.zerohedge.com/news/2019...dity-despite-very-concerning-capital-controls 1. "If the resurgent currency surprises you, you're not alone as insiders tell us that black-market USDARS is trading around 64/USD - a new collapse to a new record low." 2. "The 2022 bonds are down another 5 points in early trading"
it is a meaningless fluctuation and/or temporary retracement, om the doward course to imitate the trajectory of the venezuelan peso