Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Britain laughs off Argentine Falklands banknote as 'a stunt'

Published 03/03/2015, 09:47 AM
Updated 03/03/2015, 09:47 AM
Britain laughs off Argentine Falklands banknote as 'a stunt'

By Andrew Osborn

LONDON (Reuters) - Britain derided a new Argentine banknote featuring the disputed Falkland Islands as a stunt on Tuesday and said it had no intention of discussing sovereignty over the archipelago with Buenos Aires.

Tensions over the Falklands, known as Las Malvinas in Argentina, still crackle more than 30 years after Argentine forces seized them and the then British prime minister Margaret Thatcher sent a task force to retake them. More than 600 Argentine servicemen and 255 British died in the brief war.

Hit by high inflation, Argentina issued a new 50-peso banknote this month described by the central bank as a reminder of the South American country's "undying claim" to Las Malvinas.

"On the issue of the 50-peso banknote, we can't stop the Argentinian government from these stunts," Hugo Swire, a minister of state at the British Foreign Office, said when asked about the note in parliament.

"It's worth a whopping 3.72 pounds ($6) according to today's exchange rate," he added. "And I think it probably has the equivalent political value."

The note features a map of the islands, 300 miles off the Argentine coast and 8,000 miles from Britain, on one side and an image of a gaucho who rebelled against British rule there in 1833 brandishing an Argentine flag on the other.

Swire said the Argentine embassy had recently sent a book and a letter to the British parliament, complaining about a lack of dialogue on sovereignty.

"It (the book) ignores the inconvenient truth that some people on the islands can trace their Falklands ancestry back through nine generations, longer than the current borders of Argentina have existed," said Swire.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

There would be no sovereignty talks with Argentina in line with the islanders' own wishes, he added.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.