argentina emerging markets FX Markets Mauricio Macri

Argentina Imposes Currency Controls As End Game Beckons

And the crisis worsens.

And the crisis worsens.
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3 comments on “Argentina Imposes Currency Controls As End Game Beckons

  1. Aaaaannnd its gone!

    Cue the South Park clip, ‘And its gone’!
    Where Stan goes to the bank to open a bank account with money he got as gifts. After he deposits the money, the manager starts to type away at his computer telling Stan all the things the bank is doing with his money (swaps, CDOs, CMOs, fx swaps, swaptions, etc) and after about a minute of that says “And its gone!”

    Stan is in disbelief and asks, “What is gone”?
    Bank Manager: “your money, it did not do too well.”
    Stan: “But I have $100 in this bank!”
    Bank Manager: “Not anymore, poof.”

    • Harvey Cotton

      So the decapitated chicken landed on the “Capital Control” spot. Other options were “Default” “Autarky” “Expropriation” and “Invade the Falklands”.

  2. Peronistas 1: Argentinians 0.

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