Confirmed - The Central Bank of Argentina is Manipulating the Exchange rate

[VINO]

I know it! This Milei government is nasty. More lies. What do you expect. No matter the exchange rate is so high. All games and lies.

The Central Bank (BCRA) is "stepping on" the dollar futures, rekindling doubts in the City about the credibility of the Caputo plan.​

Fuerte intervención del BCRA en el dólar futuro reaviva dudas en la City sobre la credibilidad del plan Caputo

El Banco Central confirmó que tiene unos u$s2.000 millones en posturas del mercado futuro, con lo que contiene al tipo de cambio. Críticas en el mercado

www.iprofesional.com

 

[Larry]

Duh! I told all of you Milei is a fraud. He will probably end up in jail. What did you expect when he is using the same people that got us into these problems! Caputo! Macri's old hatchet squad.

 

[Avocado]

Duh! I told all of you Milei is a fraud. He will probably end up in jail. What did you expect when he is using the same people that got us into these problems! Caputo! Macri's old hatchet squad.

Imagine what the exchange rate would be if they didn't take this $2 billion! Now the blue rate is still going up. I don't think they can stop it now!

 

[James Bond]

Part of the reason I left for Spain and I am glad I did. The cost of everything in BA has shot up! My medical in Spain is dirt cheap! In BA now the same thing would be $400 USD per month! I just checked and the old apartment I had the monthly expenses is over $350 USD per month now! That is on the expenses alone!

I didn't think there was much hope. The food is terrible in BA for the most part. Terribly unhealthy seed oils. Good stuff is expensive. Here in Spain I eat out and it's healthy and fresh and cheap! The government will do all it can to keep things stable before the elections but they will burn through a lot of money trying to keep things stable.

 

[Wally]

Definitely there is manipulation. Some people are getting rich off of this. I saw this on X and it is correct.

 

[nikad]

Definitely there is manipulation. Some people are getting rich off of this. I saw this on X and it is correct.

Unfortunately Argentina has always been like this. Fraud and corruption won't change overnight. Probably not in a decade or more. Milei and his sister are corrupt too just like all the other politicians.

Taking out $45 Billion and $20 Billion recently is one of the greatest mistakes of our generation. We will never be able to pay it off. I'm afraid things will not turn around. Only some people will keep making money. People in land and real estate but everyone else is doomed.

 

[Rich One]

Unfortunately Argentina has always been like this. Fraud and corruption won't change overnight. Probably not in a decade or more. Milei and his sister are corrupt too just like all the other politicians.

Taking out $45 Billion and $20 Billion recently is one of the greatest mistakes of our generation. We will never be able to pay it off. I'm afraid things will not turn around. Only some people will keep making money. People in land and real estate but everyone else is doomed.

I think you are right. Milei might not be outright stealing but that Libra thingy was a real eye opener.

Cristina is probably playing this song and if there is any justice her and Milei will share a jail cell.

 

[Rich One]

Definitely there is manipulation. Some people are getting rich off of this. I saw this on X and it is correct.

All Milei did was promise to the IMF that the BCRA wouldn't directly intervene by selling dollars like Macri. But their intervening unofficially is their way via the futures market. It's really the same thing. Promises promises.

 

[Ceviche]

Do any of you find it strange that there were plenty of interventions in 2023 and even though that was the case the exchange rate followed the inflation. All of a sudden from February 2024 to February 2025 there were no interventions at all but the exchange rate didn't change in a year. It's all manipulated!

Argentina doesn't care about promises to the IMF. People are getting rich off of this! All of Caputo's friends. IMF is a gang of thieves too. IMF just wants Milei to win these elections. People are getting rich. They don't really care about Argentina. They care about their friends. It didn't work the first time. I doubt it works this time either .

It's all smoke and mirrors.

 

[steveinbsas]

I think you are right. Milei might not be outright stealing but that Libra thingy was a real eye opener.

Cristina is probably playing this song and if there is any justice her and Milei will share a jail cell.

That will never happen. No politician in Argentina ever goes to jail. Everyone knows that.