End of preview - This article contains approximately 1381 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
Back
Weekly Report - 07 June 2012 (WR-12-22)
ARGENTINA: Fernández (x2) first in pesification line
It may not have been a teacher chastising a schoolboy, but it sounded like it. This week, in an attempt to increase confidence in the Argentine economy and dispel fears that the government-imposed currency controls are the step prior to a mass devaluation, President Cristina Fernández announced that she would be turning her US dollar fixed-term deposits into peso-denominated ones. In her latest declaration of assets, which was submitted in July 2011 but relates to 2010, Fernández declared savings totalling US$3.06m in greenbacks, which roughly constitutes 36% of her total savings. This week she also asked her ministers and her supporters to do the same, calling on Senator (and former chief of cabinet) Aníbal Fernández to lead the way.
- Syria, Bolivia and Alba’s ambivalence to human rights
- COLOMBIA: Petro to make a fresh start?
- TRACKING TRENDS
- BRAZIL: US hammers home foreign policy differences
- URUGUAY: Mujica ignites divisions in ruling coalition
- ARGENTINA: Fernández (x2) first in pesification line
- TRACKING TRENDS
- MEXICO: López Obrador closes gap but by how much?
- TRACKING TRENDS
- GUATEMALA: Pérez Molina fails to reassure over human rights
- EL SALVADOR: Funes makes big political gesture
- TRACKING TRENDS
- Good and bad news for Lugo in Paraguay
- Quotes of the week