Argentine Politics

[QUOTE=Gandolf50;446403]What you say is true. But keeping a arbitrary low rate like they have in the past just fuels inflation which also eats into ones income. Which is worse??[/QUOTE]I want to preface the rest with that statement. I think these following things, I do not know them.

I said it was bad because I think a fucked up peso (and what can make a currency more fucked up than nobody having any idea what it's worth) with monetary restrictions like we currently have are good for those spending in dollars.

I think if Macri gets elected and he removes the whateveryoucallit and allows the peso to truly float it will and it will be less than the current blue rate. Substantially less INHO (substantial meaning 10% or more) because whatever it lands at it will have an ACTUAL value not a "hmmmmm what do we trade for today" value.

I think it will do something to stem inflation but I don't think it will stop it.

As it is now the dollar pretty much keeps up with inflation. It doesn't do it smoothly, it tends to languish behind for a few months then move ahead, then sit around, then move ahead. Right now it's sitting around 15-1 sometimes higher sometimes lower but around 15-1. If it floats I think it will stay further behind and I will be able to buy less pussy for my dollars and to me that is bad.

I could also be completely fucking wrong about this because, as I said, I'm not an economist and this is Argentina where the rules often don't seem to work.

Letting a currency float is not an anti-inflation tactic. The former peg to the dollar was an anti-inflation tactic, but that of course fails when the pegging country runs out of the pegged country's currency.

It should be remembered that inflation is always and everywhere a [I]monetary[/I] phenomenon: too much money is chasing too few goods. This the Spaniards found out when they finally realized that taking gold and silver back to Spain did not increase wealth because there were no goods to buy with the bullion.

So if Macri wants to fight inflation, he has to tighten the money supply. That will lead to a recession for sure, which should be good for those with dollars. It would also make him very unpopular and so he probably won't have the stones to do it.

Ahhhhhhhhhhh !! Two days of respite from all the BS and lies. In the past Cristina has always broken the law and campaigned claiming she was just making "important announcements..." Monday cant come too soon so all this nonsense will be behind us!

[QUOTE=Gandolf50;446413]The problem is deeper then the exchange rate. The current government has drained ALL the countries resources. I read some where recently that if you subtract what Argentina owes out there is only 7 million dollars left for the reserves. Realisticly, that would put the peso at 50 to 1? 100 to 1???? They have drained the insurance (social security) and tax agency's (AFIP) accounts. Who ever is the next president is in for a large problem.[/QUOTE]I read somewhere Argentina has only a few million in reserves, maybe seven million. I don't think it's a problem for the dollar. The solution will be the same as in the good old USA, viz, the government will continue just printing more paper. This should make the dollar stronger and p4p cheaper for dollar holders. If Macri wins and devaluates the peso by aiming at a free floating exchange in the future, the dollar should be stronger and I think we can see 30 to 1 for free floating exchange rate someday. Of course, that assumes devaluation in a short period of time and continued inflation. Anyhow, for what it's worth, that's how I see it.

[QUOTE=BobbyDoerr;446439]I read somewhere Argentina has only a few million in reserves, maybe seven million. I don't think it's a problem for the dollar. The solution will be the same as in the good old USA, viz, the government will continue just printing more paper. This should make the dollar stronger and p4p cheaper for dollar holders. If Macri wins and devaluates the peso by aiming at a free floating exchange in the future, the dollar should be stronger and I think we can see 30 to 1 for free floating exchange rate someday. Of course, that assumes devaluation in a short period of time and continued inflation. Anyhow, for what it's worth, that's how I see it.[/QUOTE]As many people tend to do, you're paraphrasing the peso-dollar relationship incorrectly.

The dollar does not get "stronger" or "weaker" against the peso. It is the pesos that fluctuates (usually down) in value in comparison against the relatively stable dollar.

If two men are standing side by side, and one of them doubles over with a stomach ache, you don't describe the situation by saying that the other man got stronger.

Thanks,

Jax.

[QUOTE=Jackson;446440]As many people tend to do, you're paraphrasing the peso-dollar relationship incorrectly.

The dollar does not get "stronger" or "weaker" against the peso. It is the pesos that fluctuates (usually down) in value in comparison against the relatively stable dollar.

If two men are standing side by side, and one of them doubles over with a stomach ache, you don't describe the situation by saying that the other man got stronger.

Thanks,

Jax.[/QUOTE]Is that a Jax thing or an economics thing? Because you could describe that situation as the guy gaining strength over the guy who doubled over. I see articles where the dollar is described as "gaining strength" over the X other currency a lot.

I would agree though that simply saying the dollar got stronger would generally be misspeaking because the dollar in isolation wouldn't have changed much, but in comparison to something else I would think it's correct to say it gained strength.

Not trying to be contentious, I'm curious about this.

So there are two primary factors that affect exchange rates: real interest rates and the balance of trade. High real interest rates (meaning the market interest rate MINUS inflation) = strong currency. Favorable balance of trade (exporting more than you import) creates demand for your currency. The dollar has strengthened against many currencies lately, or alternatively many currencies have weakened against the dollar. For example, the euro costs about 1.08 dollars today versus about 1.24 a year ago. This is mostly because Europe's more sluggish economy makes people think the ECB (European Central Bank) will lower interest rates, while it appears rates are headed UP in the US. Inflation is tame in both places.

The Canadian dollar costs about 75 cents today versus about 88 cents a year ago. The CAD is sensitive to the price of oil. Oil prices go down, Canada's trade balance worsens since it does not receive as much foreign currency for each barrel of oil it exports. So, that weakens the CAD against the USD. But it is no less correct to say that it strengthens the USD against the CAD.

The dollar never gets stronger.

The dollar has the advantage of being the reserve currency of the world.

Take that away . And then lets see how the dollar fares vis a vis other currencies of the world!

[QUOTE=Member#3320;446443]The dollar has the advantage of being the reserve currency of the world.

Take that away . And then lets see how the dollar fares vis a vis other currencies of the world![/QUOTE]Maybe the Bilderberg Group picked at random in one of their secret meetings. It wasn't alphabetical, there are a bunch that start with A. Can't be the color, color isn't hierarchal, it's a wheel. Can't be age. I wonder why?

Maybe size of economy?

A lot of you say with the dollar at 15 to one makes Argentina cheap. If thats true, why can I buy Levis from Wally World in the states for $45 and here they are $1500 pesos and more? ( 45 U$D being $675p at 15 to 1) . The prices you guys say you are paying for providers make Argentina one of the most expensive mongering destinations around. So with the peso crumbling and the dollar "stronger" why are we all paying through the nose for second rate goods in a banana republic? Of course,there are some bargains to be had but not as many as you would think. Fifteen years ago when the dollar was three to one I could buy levis here cheaper then in the states and a lovely provider with the hotel was $100p. Things are actually cheaper in the city of Buenos Aires then they are in the provincia. Travel 30km outside Gral Paz and almost everything goes up in price from gasoline to meat. For some reason (Thank God!) providers remain cheaper out here in no mans land.

[QUOTE=Jackson;446440]As many people tend to do, you're paraphrasing the peso-dollar relationship incorrectly.

The dollar does not get "stronger" or "weaker" against the peso. It is the pesos that fluctuates (usually down) in value in comparison against the relatively stable dollar.

If two men are standing side by side, and one of them doubles over with a stomach ache, you don't describe the situation by saying that the other man got stronger.

Thanks,

Jax.[/QUOTE]Exchange rates are relative and are generally expressed as a comparison of the currencies of any two countries. Lets look at a couple of major factors that affect exchange rates. (1) A country with a consistently lower inflation rate exhibits a rising currency value, as its purchasing power increases relative to other currencies. Countries with higher inflation typically see depreciation. Interest rates, inflation and exchange rates are all highly correlated. (2) By manipulating interest rates, countries exert influence over both inflation and exchange rates, and changing interest rates impact inflation and currency values. Higher interest rates offer lenders in an economy a higher return relative to other countries. The impact of higher interest rates is mitigated if inflation in the country is much higher than in others, or if additional factors serve to drive the currency down like (3) a negative balance of trade between a country when it is spending more on foreign trade than it is earning, and (4) that it is borrowing capital from foreign sources to make up the deficit and that (4) it engages in large-scale deficit financing to pay for public sector debt and when a government is servicing its deficit through domestic means (selling domestic bonds, increasing the money supply), or increases the supply of securities for sale to foreigners, thereby lowering their prices. (5) When balance of trade is in the negative, when imports exceed exports, the price of exports rises by a smaller rate than that of its imports, the currency's value will decrease in relation to its trading partners. (6) Lastly, currency rates depend on a country's political stability and economic performance. Political and economic turmoil can cause a loss of confidence in a currency and affects exchange rates. We all know Kisiloff is a brown-nosing moron and should be taken out to the woodshed because the country has the resources and potential to be great again but the political reality is the reason why a pair of Jeans cost a couple of hundred bucks in BA. Thanks. Bobby Doerr.

The below link appeared in Saturday's Miami Herald.

[URL]http://www.miamiherald.com/news/nation-world/article45747715.html[/URL]

Tres3.

The below link appeared in Sunday's Miami Herald.

[URL]http://www.miamiherald.com/news/nation-world/article45868090.html[/URL]

Tres3.

The below link appeared in The Guardian.

[URL]http://www.theguardian.com/world/2015/nov/22/argentina-election-second-round-vote-could-spell-end-for-kirchnerism[/URL]

Tres3.

The below link appeared in Bloomberg's Sunday News.

[URL]http://www.bloomberg.com/news/articles/2015-11-22/argentines-to-vote-in-first-runoff-as-opposition-leads-in-polls[/URL]

Tres3.

[QUOTE=BobbyDoerr;446446]Exchange rates are relative and are generally expressed as a comparison of the currencies of any two countries. Lets look at a couple of major factors that affect exchange rates. (1) A country with a consistently lower inflation rate exhibits a rising currency value, as its purchasing power increases relative to other currencies. Countries with higher inflation typically see depreciation. Interest rates, inflation and exchange rates are all highly correlated. (2) By manipulating interest rates, countries exert influence over both inflation and exchange rates, and changing interest rates impact inflation and currency values. Higher interest rates offer lenders in an economy a higher return relative to other countries. The impact of higher interest rates is mitigated if inflation in the country is much higher than in others, or if additional factors serve to drive the currency down like (3) a negative balance of trade between a country when it is spending more on foreign trade than it is earning, and (4) that it is borrowing capital from foreign sources to make up the deficit and that (4) it engages in large-scale deficit financing to pay for public sector debt and when a government is servicing its deficit through domestic means (selling domestic bonds, increasing the money supply), or increases the supply of securities for sale to foreigners, thereby lowering their prices. (5) When balance of trade is in the negative, when imports exceed exports, the price of exports rises by a smaller rate than that of its imports, the currency's value will decrease in relation to its trading partners. (6) Lastly, currency rates depend on a country's political stability and economic performance. Political and economic turmoil can cause a loss of confidence in a currency and affects exchange rates. We all know Kisiloff is a brown-nosing moron and should be taken out to the woodshed because the country has the resources and potential to be great again but the political reality is the reason why a pair of Jeans cost a couple of hundred bucks in BA. Thanks. Bobby Doerr.[/QUOTE]What a smokescreen, no doubt intended to impress us with the depth of your international financial prowess.

The fact is that you incorrectly stated that the Argentine government's propensity to print pesos "[I]should make the dollar stronger[/I]" and further you stated that if Macri wins and devalues the peso then "[I]the dollar should be stronger[/I]".

Both of these statements are inaccurate portrayals of the peso-dollar relationship as I detailed in my prior post.

Correctly stated, the Argentine government's propensity to print pesos "[I]should make the peso weaker[/I]" and if Macri wins and devalues the peso then "[I]the peso should be weaker[/I]".

Printing and/or devaluing the Argentine peso has little if any effect on the value of the US Dollar against the world's other major currencies.

Get it?

Thanks,

Jax.

The below link appeared on Reuters Monday morning.

[URL]http://www.reuters.com/article/2015/11/23/us-argentina-election-idUSKBN0TB0XJ20151123[/URL]#Ich1XtAOuqrgCVqB.97.

Tres3.

[QUOTE=BobbyDoerr;446446]Exchange rates are relative and are generally expressed as a comparison of the currencies of any two countries. Lets look at a couple of major factors that affect exchange rates. (1) A country with a consistently lower inflation rate exhibits a rising currency value, as its purchasing power increases relative to other currencies. Countries with higher inflation typically see depreciation. Interest rates, inflation and exchange rates are all highly correlated. (2) By manipulating interest rates, countries exert influence over both inflation and exchange rates, and changing interest rates impact inflation and currency values. Higher interest rates offer lenders in an economy a higher return relative to other countries. The impact of higher interest rates is mitigated if inflation in the country is much higher than in others, or if additional factors serve to drive the currency down like (3) a negative balance of trade between a country when it is spending more on foreign trade than it is earning, and (4) that it is borrowing capital from foreign sources to make up the deficit and that (4) it engages in large-scale deficit financing to pay for public sector debt and when a government is servicing its deficit through domestic means (selling domestic bonds, increasing the money supply), or increases the supply of securities for sale to foreigners, thereby lowering their prices. (5) When balance of trade is in the negative, when imports exceed exports, the price of exports rises by a smaller rate than that of its imports, the currency's value will decrease in relation to its trading partners. (6) Lastly, currency rates depend on a country's political stability and economic performance. Political and economic turmoil can cause a loss of confidence in a currency and affects exchange rates. We all know Kisiloff is a brown-nosing moron and should be taken out to the woodshed because the country has the resources and potential to be great again but the political reality is the reason why a pair of Jeans cost a couple of hundred bucks in BA. Thanks. Bobby Doerr.[/QUOTE]The OP apparently does not realize that the fundamentals of a market are supply and demand. Outside of Argentina the Peso is essentially worthless. No one wants it. It cannot be spent by the average citizen. Only in Argentina can one spend pesos.

There is a market in Argentina, but that is it. As a result, normal currency exchange rules outside of Argentina do not apply, and I think the exchange markets inside of Argentina are manipulated.

Tres3.

[QUOTE=Jackson;446451]What a smokescreen, no doubt intended to impress us with the depth of your international financial prowess.

The fact is that you incorrectly stated that the Argentine government's propensity to print pesos "[I]should make the dollar stronger[/I]" and further you stated that if Macri wins and devalues the peso then "[I]the dollar should be stronger[/I]".

Both of these statements are inaccurate portrayals of the peso-dollar relationship as I detailed in my prior post.

Correctly stated, the Argentine government's propensity to print pesos "[I]should make the peso weaker[/I]" and if Macri wins and devalues the peso then "[I]the peso should be weaker[/I]".

Printing and/or devaluing the Argentine peso has little if any effect on the value of the US Dollar against the world's other major currencies.

Get it?

Thanks,

Jax.[/QUOTE]Hey Jax, Lighten up. I'm neither looking to impress anyone nor am I looking to be confrontational. However, using your logic, if the peso weakens against the dollar, doesn't that mean that the dollar becomes stronger against the peso? You can buy more pesos for the same number of dollars. Expressing currency ratio comparisons is relative and can be expressed as one weakening while the other is strengthening. So what's the point of these semantics? Zilch, nada. I think dollar holders will get a bigger bang for their buck as we see (the peso sinking) and the dollar get stronger.

Either way, I hope our verbal joust on a definition doesn't mean you wont' let me come to your parties. Thanks, Bobby Doerr.

[QUOTE=BobbyDoerr;446456]Hey Jax, Lighten up. I'm neither looking to impress anyone nor am I looking to be confrontational. However, using your logic, if the peso weakens against the dollar, doesn't that mean that the dollar becomes stronger against the peso? You can buy more pesos for the same number of dollars. Expressing currency ratio comparisons is relative and can be expressed as one weakening while the other is strengthening. So what's the point of these semantics? Zilch, nada. I think dollar holders will get a bigger bang for their buck as we see (the peso sinking) and the dollar get stronger.

Either way, I hope our verbal joust on a definition doesn't mean you wont' let me come to your parties. Thanks, Bobby Doerr.[/QUOTE]On a lighter note some Bad guys in Venezuela went to rob a businessman and when he offered up his Worthless Venezuelan Toilet Paper they refused it.

They said they only wanted dollars.

TL.

The peso, as stated by another member of the board during my last visit, is simply a way for Argentines to pay for goods and services. When I was in BA a little over two years ago, the blu market rate was around 8 to 1. Last trip it was a little over 15 to 1. You'd think things would've been cheaper on this last trip. However, with.

Inflation so high, the cost for a cab, a steak, and a chica session remained about the same.

I hope Macri can get Argentina headed in the right direction, because the Argentines, by and large, seem like a very smart population. They deserve a Gov't that can governwith a long term mindset, restructure their debt, maybe loosen up their Protectionist Laws, and leverage the resources of their Country.

I'm not an Economist so I don't even know if this shit is possible. At da very least, this prick needs to at least introduce a $500 peso so we can fit our fucking wallets in.

Our jeans!

The below link is an editorial that appeared on the editorial page of Tuesday's Miami Herald.

[URL]http://www.miamiherald.com/opinion/editorials/article46132610.html[/URL]

Tres3.

More on the Argentina elections. I personally think that there will be a political stalemate, and very little will be accomplished. After all, the CFK political cohorts already stole plenty of dollars, and beyond buying votes care very little about the mann in the street.

[URL]http://finance.yahoo.com/news/argentina-pull-off-next-impossible-200029714.html[/URL]

Tres3.

I'm gonna miss her soooooo much.

[URL]http://www.clarin.com/politica/Reunion-Olivos-Cristina-Macri-transicion_0_1474052607.html[/URL]

It was bought a couple of years ago by a K supporter. The latest nonsense: The USA should correct their course.

[URL]http://www.buenosairesherald.com/article/204007/us-now-has-second-chance-[/URL]

[QUOTE=Thomaso276;446501]It was bought a couple of years ago by a K supporter. The latest nonsense: The USA should correct their course.

[URL]http://www.buenosairesherald.com/article/204007/us-now-has-second-chance-[/URL][/QUOTE]Anybody who knows me knows I'm no fan of W but this is fucking laughable.

When President George W. Bush came into office, he threw away a budding, multi-faceted relationship to make Argentina a misguided object lesson in fiscal probity.

The US was the driving force that put this wedge in?

If the new government does as stated and floats the Preso. Would this not be good for the dollar.

Ok smart people I'm in B A tomorrow. I have pesos but should i Buy now or wait until the devaluation......help.

As I said several times, Christina will never give the baton to Macri. Not one photo with him either. The short version.

[URL]http://www.buenosairesherald.com/article/204596/parrilli-cfk-wont-attend-congress-under-these-circumstances[/URL]

[QUOTE=Thomaso276;446580]As I said several times, Christina will never give the baton to Macri. Not one photo with him either. The short version.

[URL]http://www.buenosairesherald.com/article/204596/parrilli-cfk-wont-attend-congress-under-these-circumstances[/URL][/QUOTE]Its the first time in 12 years some one told her no and made it stick. She does not like it being the spoiled brat that she is.

[QUOTE=Thomaso276;446580]As I said several times, Christina will never give the baton to Macri. Not one photo with him either. The short version.

[URL]http://www.buenosairesherald.com/article/204596/parrilli-cfk-wont-attend-congress-under-these-circumstances[/URL][/QUOTE]I went to the Party today at the Congreso and then walked down Avenida de Mayo to the Presidential Palace and watched and listened to the new President from the front row.

It was an exciting and moving experience and I was very surprised by the diversity of the audience in attendance.

Today was a Great Day!

TL.

I guess that "Cinderella" turned into a pumpkin because she was nowhere in sight.

Macri has to continue funding some social programs while at the same time paying back bills left by K. If he abandons the poor he will not last. My take on how he will do it:

KK's support groups - for example - the Grandmothers of the Plaza will by funded only for their primary functions. He will get lambasted if he cuts them off completely. There will be funds for finding the lost children ( who do you think pays for DNA tests, lawyers, etc.) but they also received millions to build houses and by a factory to make sheet rock walls. Today a court ruled that they owe 33 million for the money that was stolen by the two brothers who were supposed to build the houses. [URL]http://www.clarin.com/politica/Condenan-Fundacion-Madres-Plaza-Mayo_0_1483652158.html[/URL].

There are dozens of groups out there who practice this type of chicanery. Professional pickets etc.. The funding will continue for their primary functions if it serves the greater good and will save millions for the BS extra.

Employees of Campora will be eliminated. Most had contract jobs and did nothing. Government agencies are overstuffed with employees. Gonna be alot of downsizing. Airport, media and Congress, big changes coming. Most of these folks are not part of a union and without funding from the gov't I predict they will have a hard time staying organized - surely KK will not send them money from her own accounts. There will be some conflicts with the far left groups and I think Macri will set a few examples if they try to shut down highways and roads. Macri has said many times people have a right to travel.

Media law will be adjusted. Millions are given to KK supporter newspapers, tv, radio. While still funding the basics for Gov't ads, these KK mouthpieces will be told to sell airtime in the private market. Some are already folding [URL]http://www.lanacion.com.ar/1852218-el-diario-pagina-12-cerca-de-cambiar-de-manos[/URL].

He has to deal with the unions. Carrot and stick approach is probably best. They will get their raises. They scream about raises but the power is in controlling health ins , pension funds. This might be adjusted.

International funding. Pay Vulture funds, open cepo and allow Argies to manage their own money. Limit tramitesd that business and individuals have to go through and avoid the "system is down" BS when KK did not want to approve some import or dollar exchange.

I think he will make some corruption cases. Has to get rid of Carbo as Atty Gen'l.. Boudo is toast and a few ex-ministers are in line. Will reopen illegal enrichment cases against KK based on legal concept that when judges declared there was no cause for further investigation, it was due to payoffs.

Inflation. Saw the new minister of INDEC this morning on Florida. He was fired years ago when he would not approve Nestors new formulas to hide inflation. Now he's back. Can't run a country on false stats. 200 and 500 pesos notes, stop printing pesos, will till have some price controls for awhile (gouging concept like in USA after a hurricane). Get away from discounts at big stores only with the funding of some banks. I think he will open up the right of the store to set their own discounts and promtions.

International Relations will move to the west. Bye Venezuala, Iran, Russia. China still in play for the swaps. Tone down Malvinas dispute and will try to make free trade pacts the norm.

Message to Argies: we will help but you better start working smarter and harder. Don't need six people for a 2 person job. I am not sure this culture can accept that they are responsible for their own destiny. It is always someone else's fault. Government may change but the people may not.

See you at the ATM!

Many economists say Argentine economics is in such a mess it can't be fixed. I am not an economist just a concerned spat and I do my best to stay informed. Thomaso 276 your latest post was very informative. You covered a lot of different angles and looking at the picture you painted , for Mecri to just slightly improve the economic stability of my adopted country Argentina , he must first concentrate on political corruption. We need a few big wigs to byte the dust. With so many candidates how do they choose. How about the suitcase full of cash found in the (I think it was the attorney generals) office.

I travel a lot and in many country's I visit the top story on the local newspaper has to do with many well known politicians under indicme for just about anything one can imagine.

Is any of this new, not really. It reminds me of an old song---- whys everybody always pickin on me----.

Hotrod11.

Talking about reopening the Nissman Case.

Going after KFC.

Cancelling the deal with Iran.

Prosecuting the ex-Vice President B.

Et cetera !

An excellent start !

TL.

First of 1500 political employees (KK) cut loose. Probably averaged 25000 pesos monthly. More to come. Potential to increase available chica pool!

[URL]http://www.perfil.com/politica/Protesta-en-el-Congreso-trabajadores-denuncian-despidos-masivos-20151216-0015.html[/URL]

14.4 now. Where is it going to land, 13? 12?! Worse!!! This source is saying 15 but I'm having a hard time seeing that.

[URL]http://www.bubblear.com/government-says-cepo-lifted-today/[/URL]

[QUOTE=Thomaso276;446614]First of 1500 political employees (KK) cut loose. Probably averaged 25000 pesos monthly. More to come. Potential to increase available chica pool!

[URL]http://www.perfil.com/politica/Protesta-en-el-Congreso-trabajadores-denuncian-despidos-masivos-20151216-0015.html[/URL][/QUOTE]Thanks Thomaso, there is always a silver lining.

[QUOTE=DaddyRulz;446615]14.4 now. Where is it going to land, 13? 12?! Worse!!! This source is saying 15 but I'm having a hard time seeing that.

[URL]http://www.bubblear.com/government-says-cepo-lifted-today/[/URL][/QUOTE]Argentina will soon be very expensve for mongering.

[QUOTE=Member#3320;446617]Argentina will soon be very expensve for mongering.[/QUOTE]It already is and has been for the past few years.

With all the pent up demand for hard currency and continued lack of faith in the Argentine government (despite recent electoral progress) there is a big over hang in demand for dollars. The system can only handle so many transactions at a time, so mechanically, it might take a little while for the market to stabilize (I'm guessing $12-13).

From what I am reading, foreign investors are expected to invest between US$10B - $16B in Argentina during 2016. That will certainly help to ease the situation by making more dollars available and stimulating the economy.