Argentine official denies devaluation planned
Jun 3, 2012 20:55:15 GMT -5
Post by popcorn on Jun 3, 2012 20:55:15 GMT -5
Argentine official denies devaluation planned 
He raised the issue as he accused opposition news media of trying to instill panic in a population that remembers losing two-thirds of its wealth a decade ago when the government tried to avert economic collapse by limiting what people could withdraw from their savings, and then devalued the currency.
Wealthy Argentines with overseas accounts were able to get their money out of the country ahead of that devaluation, but many others lost their life savings overnight.
hosted.ap.org/dynamic/stories/L/LT_ARGENTINA_ECONOMY?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2012-06-01-16-46-16
He raised the issue as he accused opposition news media of trying to instill panic in a population that remembers losing two-thirds of its wealth a decade ago when the government tried to avert economic collapse by limiting what people could withdraw from their savings, and then devalued the currency.
Wealthy Argentines with overseas accounts were able to get their money out of the country ahead of that devaluation, but many others lost their life savings overnight.
hosted.ap.org/dynamic/stories/L/LT_ARGENTINA_ECONOMY?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2012-06-01-16-46-16