D R manipulating the currency, a la Argentina !

[TC]

Currency market under control ?
Central Bank governor Hector Valdez Albizu said last night that the foreign currency market in the country was under control. He said the injection of international reserves had successfully defended the exchange rate that is now back at levels reported during the final months of 2011. Valdez Albizu said that exchange houses and bankers had accepted the timely intervention in the market to stop the depreciation. In the first two weeks of January, the peso depreciated past the RD$39.50 to US$1 mark, and was hovering near the RD$40 to US$1 rate, when the authorities injected the reserves. ----------------------The AR currency is 4.33 X $1 by manipulation. It should be at least 6 X $1 !!!!!!!!!!!!!!!

The US (by printing money nonstop) and China (by refusing to let it float) also keep their currency artificially low to help their balance of trade, so the DR is not doing anything unusual. But please explain to me exactly how Argentina is keep their currency artificially high.

[Sidney]

The US (by printing money nonstop) and China (by refusing to let it float) also keep their currency artificially low to help their balance of trade, so the DR is not doing anything unusual. But please explain to me exactly how Argentina is keep their currency artificially high.

AR sells dollars, buys AR pesos.

[jose1234]

AR sells dollars, buys AR pesos.

Argentinas trade with the USA:

In US dollars In 2011, Argentina sold goods and services totaling $9,885,100 to the USA

In US dollars in 2011, Argentina purchased goods and services totaling $4,499,900 from the USA

Argentina's inflation is currently above 20 percent and their budget deficit is skyrocketing and their government is undermining their central bank in an act of desperation.

This is all coming to the DR next year in a more visible manner probably...imho...

[TC]

AR sells dollars, buys AR pesos.

This is the complete opposite of what you are complaining the DR is doing (raising their currency's value instead of lowering it.)

So what will it take to make Sidney happy? (intentionally loaded question)

[miggy99]

thats good news combined with some quality new chicas hitting the scene almost makes me wanna book a return trip, so maybe this is the year. [when i first started going the canadian dollar was only worth around 65cents to the usd and now with our currancy at par it will be a relative bargain][

That's because the THE CANADIEN GOVERNMENT refused to go along with our fuckin crooked global finacial system and government and destroy the housing industry worldwide by giving money to bad creditors without any collateral.

[Jimbo44]

I believe the highest I ever paid Jet Blue from JFK to POP was 486.00. I usually pay a 100 cheaper. Now that the rates are so high, I hav
e no interest in going!

[Sidney]

Argentinas trade with the USA:

In US dollars In 2011, Argentina sold goods and services totaling $9,885,100 to the USA

In US dollars in 2011, Argentina purchased goods and services totaling $4,499,900 from the USA

Argentina's inflation is currently above 20 percent and their budget deficit is skyrocketing and their government is undermining their central bank in an act of desperation.

This is all coming to the DR next year in a more visible manner probably...imho...

Easily, annual inflation in AR is 40% !!!!!!!!!!!!!!!!

[Sidney]

This is the complete opposite of what you are complaining the DR is doing (raising their currency's value instead of lowering it.)

So what will it take to make Sidney happy? (intentionally loaded question)

For you to stick to the subject. And AR massively devaluing !!!!!!!!!!!!

[whynotme]

That's because the THE CANADIEN GOVERNMENT refused to go along with our fuckin crooked global finacial system and government and destroy the housing industry worldwide by giving money to bad creditors without any collateral.

yes if it wasn't for our concervative approach to all things we would have been crushed with the economic downturn alot more than what we were.

[TC]

For you to stick to the subject. And AR massively devaluing !!!!!!!!!!!!

Backatcha! You are complaining that one country is raising its currency value and complaining that another country is lowering it's currncy value.

Some people might think you just like to complain.

[TC]

I believe the highest I ever paid Jet Blue from JFK to POP was 486.00. I usually pay a 100 cheaper. Now that the rates are so high, I hav
e no interest in going!

No interest? None at all?

[Skynyrd]

No interest? None at all?

Click to see pic

lol that's like putting cheese on a mouse trap

[tgunz]

No interest? None at all?

Click to see pic

I think thats my avatar. Sugely aka Carolina... Great time!

[MrHappy]

I think thats my avatar. Sugely aka Carolina... Great time!

Hmm.. that doesn't look like Sugley's body. Close though...

[TC]

I think thats my avatar. Sugely aka Carolina... Great time!

No, it's Yulissa from Blackbeard's. You must be looking at her from the wrong angle. Here, try this one:

[MrHappy]

No, it's Yulissa from Blackbeard's. You must be looking at her from the wrong angle. Here, try this one:

Click to see pic

Oh, for petes sake! Does it get any better than that??

[DCIronman]

Oh, for petes sake! Does it get any better than that??

Yes. A lot better.