Reply to "Labba Question for you."

Former Member

Django posted:
Baseman posted:

Bai, wuh stupidness is this. That was the artificial bank rate. The Street was already paying 20 and 30 to 1. That was the real rate. The country was already bankrupt. The IMF forced the removal of the peg and everything went in free fall.
That's correct the dollar gradually declined .When Cambios established that was it,the rate was determined by demand.

Indeed the street rate was fairly steady in the '80s and to some degree, it has not really moved over the past 30 years after it went to around $200.

2/11/181:37 PM

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