by panish_guy
es.investing.com/currencies/usd-ars
www.lanacion.com.ar/economia/dolar-hoy-cotizacion-nid2276661
Piotr Janiszewski
@ATAFIN
Argentina Peso – New Circle of F/X Hell…
USD/ARS 58.5000 +29.29%
All Time High 62.00
that’s why
even Dante didn’ t create Hell like Argentinian Inferno…
The country is on the verge of default again. The right-wing president didn’t succeed in reversing the collapse of the economy and people have voted again for the extreme left. As a result, the Peso is plunging 30% against US dollar, and panic is spreading in Argentina.
The situation could evolve into civil unrest and bank runs.
Remember Parravicini (the guy who prophesied the 9/11 attacks) said that Argentina was going to suffer an economic storm – and this economic and social storm will set an example of what will be expected next in the rest of the world afterwards.
Wow! The Argentine peso just collapsed! Down almost 25% at the opening against the #USD. pic.twitter.com/zS3SVILz1J
— jeroen blokland (@jsblokland) August 12, 2019