bloomberg has a far more complete story
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President Nestor Kirchner, who at rallies and speeches this year has called IMF officials ``rude'' and demanding
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He is fed up with being an interest slave
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Argentine reserves stood at $26.8 billion yesterday, up from $19.7 billion by the end of 2001, when the country defaulted. Reserves fell as low as $8.2 billion in January 2003 before rising exports of soybeans and other commodities boosted dollar inflows
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They made a killing in the soy market
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Since June, the central bank has been buying an average of $46 million of U.S. dollars daily
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and in dollars
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Kirchner also thanked Venezuelan President Hugo Chavez for his assistance, prompting applause from government officials listening to the speech at the presidential palace. Venezuela this year has purchased almost $1 billion of Argentine bonds
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President Chavez is also giving a Billion dollar boost
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Last edited by alpha phi; 12-30-2005 at 11:03 PM..
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