Revenue warnings have surged to a 6 - calendar year substantial as organization bosses grapple with unstable currency swings and mounting competition, which have offset the advantages of the enhancing economic climate. (business-money.org)
First, it's denominated in Argentinean Peso (4.2620 ARS per USD), a fairly stable... but potentially very unstable currency, second, it wildly understates many assets which are carried at cost, and third, it consolidates listed entities (IRSA (IRSA: AR), and also BrasilAgro (AGRO3: BZ) going forward) in which Cresud has a controlling and / or majority stake. (wexboy.wordpress.com)
As Casares explained at Gigaom's Bitcoin meet - up last year, his experience growing up in Argentina made him wary of unstable currencies. (gigaom.com)