The Minister of Economy, Luis Caputoassured that “ dollarization is ruled out” and defended the agreement reached with USAwhich includes a 20 billion dollar swap. Since his return from Washington, the official described the understanding as “the most important economic news in decades” and highlighted the president’s support Donald Trump.
During an interview with LN+, The head of the Treasury Palace stated that the Government will maintain the current scheme of exchange bands and a floating exchange ratedismissing rumors about imminent dollarization. “We are going to continue in the band scheme and the exchange rate will float“said the minister.
Asked about the possibility of adopting the dollar as the official currency, he responded: “Dollarization can be an alternative, yes, but today it is ruled out”.
“We believe that “At this moment we do not have enough dollars to ensure successful dollarization.”Caputo explained.
In that sense, he assured that the central objective is “find a monetary-exchange mechanism that allows it to grow as strongly as possible as soon as possible.”
Luis Caputo celebrated the agreement with the US Treasury: “The most important economic news since I can remember”
Luis Caputo celebrated the agreement he sealed last week in Washington and highlighted: “It must be the most important economic news since I can remember. It is in favor of the Argentines. Today, the largest economic power in the world is telling the Argentines that “If they continue on this economic path they will do everything in their power to make things go well for them.”
In turn, in the face of questions from the opposition after the agreement, he confirmed that USA “he doesn’t ask for anything in return” and explained: “Both countries will benefit. The US They are not going to ask for anything that harms us Argentines or vice versa. They are investments in the real economy“.
After being asked about the reason for the agreement, he analyzed: “From day one, the President defined the US and Israel as his strategic allies and invested a lot of time and travel in building this relationship. The US identified that this was a political attack, Kirchnerism did not hide its obviousness“he said during an interview in LN+.
On this point, he pointed out that the political level generated the rise of the dollar and the country risk. “The economy was improving much faster than the opposition imagined. When they saw that, They started a fierce attack“.
Along these same lines, he added: “It is also economically aligned with what Argentina is doing. They do not decide to buy pesos because they think it is a bad investment. Bessent He is a person who dedicated 40 years in the private sector to evaluating and arbitrating currencies, he is a specialist in that. It suits you as a business. He said he believes the peso is undervalued. They don’t give you $20,000 million just because, it’s because they trust what you’re doing“.
Source: Ambito
