Argentina Doesn’t Plan Multiple Exchange Rates, Fernandez Says

Argentina has no plans to introduce multiple exchange rates, President Cristina Fernandez de Kirchner said, commenting on a report in newspaper El Cronista yesterday.

“Can people really believe this?” Fernandez said last night in a speech in Buenos Aires, according to the presidential website. “It is this president who make decisions and she is totally responsible and predictable.”

Yesterday, newspaper El Cronista reported that deputy Economy Minister Axel Kicillof is studying a plan to apply three different exchange rates to be used by importers, exporters and by the financial system and tourism.

To contact the reporter on this story: Eliana Raszewski in Buenos Aires at

To contact the editor responsible for this story: Joshua Goodman at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.