Currency Controls: Argentina Cracks Down on Foreign Travel
by Bianca Fernet • • Comments Off on Currency Controls: Argentina Cracks Down on Foreign Travel
By Bianca Fernet, Argentina, The Bubble: In 2012, Argentina introduced a 15% tax on credit card purchases made in foreign currency. Which turned into 20%. And now, after promising not to raise it again, the government raised it to 35% and closed the last legal window to acquire dollars at the official rate.
Argentine Stocks React to President Kirchner’s Latest Handiwork
by Bianca Fernet • • Comments Off on Argentine Stocks React to President Kirchner’s Latest Handiwork
Argentine Democracy And A Peronist Economy
by Bianca Fernet • • Comments Off on Argentine Democracy And A Peronist Economy
Rule #1 in Argentina: Do NOT Talk About The “Blue Dollar”
by Bianca Fernet • • Comments Off on Rule #1 in Argentina: Do NOT Talk About The “Blue Dollar”
By Bianca Fernet, Argentina, The Bubble: The black/blue/unofficial ARS/USD rate hit 10/1 again. The Federal Police, the Prefecture, the Border Patrol, and representatives of the Central Bank are stomping around downtown, shutting down currency exchanges and being as obvious as possible. And now a gag order on the exchange rate!
The Multi-Billion Dollar Reason Argentina Can’t Be Venezuela, Yet
by Bianca Fernet • • Comments Off on The Multi-Billion Dollar Reason Argentina Can’t Be Venezuela, Yet
US Supreme Court Passes on Argentine Bonds Case
by Bianca Fernet • • Comments Off on US Supreme Court Passes on Argentine Bonds Case
Argentina’s Bonds, Defaults, and Vultures
by Bianca Fernet • • Comments Off on Argentina’s Bonds, Defaults, and Vultures
Argentina: Not An Effective Capital Control, Import Control, Or Tax Measure – But An Effective People Control
by Bianca Fernet • • 3 Comments
Contributed by Bianca Fernet. Sometimes I have to hand it to the Argentine government – their systematic clampdown on the movement of goods and capital across their borders is creeping along just enough to make international headlines about once a week without incurring any real domestic outcry to speak of. But now they have a new thing.
Argentina: When Life Gives You Lemons, Cry To The WTO
by Bianca Fernet • • 1 Comment
The US, Japan, and Mexico followed the EU’s lead and filed complaints at the WTO against Argentina’s import restrictions. Argentina promptly responded with its own complaint—against the US for blocking imports of beef and lemons. Yet, its beef market is one of the top 10 most protected in the world—and not in favor of its own beef producers! Just to keep the country glued together for a little while longer.