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Old Oct 10, 2008 | 5:34 pm
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SoFlyOn
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Originally Posted by YVR Cockroach
Was it propped up by central bank intervention (costly to foreign reserves) or high interest rates? If it was neither, maybe the ARS's fundementals aren't too bad.
The BCRA (Central Bank) intervened again today selling dollars to halt the decline in the peso.

http://www.lanacion.com.ar/nota.asp?...96836&toi=6256

John
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