Thread: Exchanging Currency
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Results 916 to 930 of 2045
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08-25-13 11:39 #1130
Posts: 577Argentina Flouts Court in USA
From Reuters.
Argentina will continue paying bondholders on the same terms, its economy minister told state news agency Telam on Saturday, after losing an appeal in its legal battle with creditors who rejected past restructurings of the country's defaulted debt.
The 2nd USA Circuit Court of Appeals upheld a judge's order on Friday requiring Argentina pay $1.33 billion to hedge funds still fighting the country over its record sovereign debt default more than a decade ago.
"We're going to keep paying as we have until now, on the same terms," Economy Minister Hernan Lorenzino told Telam, calling the court ruling "an attempt to bring the country back to 2001.
The appeals court held off enacting its decision while the USA Supreme Court weighs whether to take up the case, bringing short-term relief to investors concerned about another default.
The 93 percent of bondholders who renegotiated debts after Argentina's $100 billion default, accepting less than 30 cents on the dollar, worry the refusal to pay holdouts in the face of court orders could freeze payment on restructured bonds as well.
Dissident bondholders led by Aurelius Capital Management and NML Capital Ltd, a unit of Paul Singer's Elliott Management Corp, are demanding payment in full. They have argued that Argentina can't deny them their due while paying investors who agreed to restructurings in 2005 and 2010.
Tres3.
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08-24-13 19:18 #1129
Posts: 577Argentina Lost Appeals Court Case
The appellate court handed Argentina its hat, and ordered the country to pay its defaulted bonds. Argentina says that they will appeal to the Supreme Court, but I will be surprised if the Supreme Court hears the case. If the Supreme Court denies certiorari, it will be game over for Argentina. It will be interesting to watch the effect on the blue dollar exchange rate.
Tres3.
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08-23-13 16:05 #1128
Posts: 3040Try This Place MJ
Originally Posted by MJsummit [View Original Post]
M-F till 5:45 or 6 pm.
Corner of Carlos Pellegrini and Cordoba right next door to La Madelein. (Pellegrini 787).
Tourist Trap Shop and Long Distance Travel Bus Company called Turismo Dalman has been a good enough rate lately for a bunch of us.
Update. The Store and the Sign are being renovated. Just walk in and ask for Cambio.
Call them:
5. 031.8008 and ask for "Cambio", tell them El Tejano Loco sent you and let's us know what the rate is.
Thanks,
TL.
Across the street from Excedra.
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08-22-13 17:06 #1127
Posts: 3040Exchange
Originally Posted by MJsummit [View Original Post]
Exchanging money ANYWHERE can be risky down here. Even inside of a Bank. There are no guarantees but if you do it during the day when there are a lot of people around you then I think your chances of survival are in your favor.
The Boys that live down here full time exchange Dollars every day.
Bring a friend if you want.
There are so many businesses exchanging cash on the streets that the only thing you need to do is find the best rate.
I have been using the "Secret Asian" girl because I'm lazy but there are many more. The guy next to "La Mad" during the day is very fair and his store is on one of the busiest corners in BA. Safe!
TL.
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08-22-13 16:08 #1126
Posts: 151Originally Posted by MJsummit [View Original Post]
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08-22-13 15:35 #1125
Posts: 311Originally Posted by Jackson [View Original Post]
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08-22-13 14:42 #1124
Posts: 2556
Venues: 398Originally Posted by FlexibleHorn [View Original Post]
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08-22-13 14:39 #1123
Posts: 311Originally Posted by DaddyRulz [View Original Post]
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08-22-13 14:29 #1122
Posts: 2808The most sincere form of Flattery
Originally Posted by FlexibleHorn [View Original Post]
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08-22-13 13:51 #1121
Posts: 1196Originally Posted by flexiblehorn [View Original Post]Originally Posted by jackson [View Original Post]
Jackson, Why is the Text Cleanup changing everything in the quotes to lower case, even the names?
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08-22-13 13:19 #1120
Posts: 2556
Venues: 398Originally Posted by FlexibleHorn [View Original Post]
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The Following User Says Thank You to Jackson For This Post:
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08-22-13 11:25 #1119
Posts: 311Originally Posted by DaddyRulz [View Original Post]
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08-22-13 02:57 #1118
Posts: 21Florida and Corrientes?
Does anyone know if this place is still open for changing money?
Thanks.
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08-21-13 21:21 #1117
Posts: 416Got 8.90 today, changing USD2 k.
Oddly, the web-sites clickable on the front page here were showing an unusually diverse range between 8.85 and 9.07.
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08-21-13 13:59 #1116
Posts: 2808Still 100
Originally Posted by MisterTea [View Original Post]
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The Following User Says Thank You to Daddy Rulz For This Post: