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BBVA Banco Francés S.A. Message Board

  • dasamaru40 dasamaru40 Nov 7, 2011 12:39 PM Flag

    knock-on effect

    If Argentinians cannot easily convert their pesos to dollars in Argentina, there might be a replay of the situation that occurred in Uruguay after the collapse in Argentina, whereas, Argentinians accessed their bank accounts across the River Plate in subsidiaries in Uruguay. At that time, the Uruguayan New Peso went from 21 to 30+ to the USD and cost Bension his job. I believe the Bank of Galicia y Buenos Aires has several branch offices in Uruguay. The Argentinians have to put their money somewhere; maybe, it will be diverted into real estate and a list of durable goods.

21.50-0.07(-0.32%)Oct 21 4:00 PMEDT