In the last wheels, the Central Bank had to have an active market intervention in the face of a strong demand for dollars. Between Wednesday and last Friday, the entity had to part with U $ S1.100 millions to try to hold the quotation on the band’s roof.
The assistance would consist of a swap (currency exchange) similar to that the country currently has with China. The President Javier Milei confirmed this Friday in Córdoba the advance of this medium in which a support of the administration of Donald Trump at a time when the Central Bank must intervene strongly in the change market to contain the value of the dollar.
The first president acknowledged that his government is in Treatments with the US Treasury. To obtain a line that allows the next debt maturities that the country must face in 2026. “We are working very strongly, we are very advanced “he said.
A coin swap consists of a financial agreement between two parties to exchange capital payments and interests in different currencies. Milei told the newspaper La Voz del Interior: “We were clear that this year it was going to be very complicated and we had already begun to develop strategies to cover the payments that Argentina has next year, which are US $ 4,000 million in January YU $ S4.5 billion in July. With which we have been working, those negotiations demand time, but well until it is confirmed we do not make ads. But we are working very strongly, we are very advanced and it is also a matter of time.”
After your statements, in the market It is speculated that the agreement could be at least US $ 10,000 million.
In the media of the Casa Rosada it is commented that the Government is making intense efforts with the aim of finding “A hole” on Donald Trump’s agenda with the purpose of organizing The first visit of state of Milei to Washington. Within that framework, the support of the American treasure would be announced. In principle, it is expected to be carried out in mid -October.
However, The increase in tensions in the change market led to the government raising the need to advance the announcement. Thus, it was confirmed that this Tuesday in New York, President Milei will maintain a bilateral with his American couple, Donald Trump.
Recognition
Immediately, this Sunday is President Milei will leave for New York to attend the United Nations General Assembly, an opportunity in which he will add a key stop: will meet with private investors. Will be accompanied by the Minister of Economy, Luis Caputo.
Meanwhile, this Monday the Head of State will meet with the director of the IMF, Kristalina Georgieva accompanied by Foreign Minister Gerardo Werthein; the Minister of Economy, Luis Caputo; the Secretary General of the Presidency, Karina Milei; and the Secretary of Communication and Media, Manuel Adorni.
On Wednesday Milei will be distinguished with the Global Citizen Award for his work in the economic reforms he promotes. The entity will also offer a distinction to the president of France, Emanuel Macron and. Gianni Infantino, head of FIFA
This is an award awarded by the Atlantic Council, an American Study Center The delivery ceremony will be on September 24 at a gala dinner that will be offered in the large block where international leaders, diplomats and other influential figures will congregate. The meeting could attend the managing director of the International Monetary Fund, Kristalina Georgieva.
This international support occurs at a key moment, just one month from the mid -term elections. Scott BesentSecretary of the Treasury will be in charge of delivering the award, in One more sample of the support of the Republican Administration to the Milei program.
Source: Ambito
