According to the Bloomberg agency, the official said that “Argentina will have a floating exchange rate very soon.” The alleged statement contradicts the official line of the Ministry of Economy.
The financial markets once again entered a state of alert this Tuesday, after the Bloomberg agency attributed a statement to Federico Sturzenegger, Minister of Deregulation, in which he anticipated a change in the exchange rate regime.. To clear up the noise in the city, the official had to go out to clarify his words on the networks.
“Argentina will have a floating exchange rate very soon“Sturzenegger reportedly said during his presentation at the Bloomberg Regulatory Forum. In addition, according to a statement from the agency, the minister highlighted that the currency swap with the US is intended to dispel concerns about debt payments.
These statements contradict the official line of the Ministry of Economy. Precisely during this day, one of Luis Caputo’s main collaborators, Felipe Nuñez, assured that “the floating exchange rate bands are not going to be modified, neither before nor after the elections.”
In this context, Sturzenegger explained that “in no way did I say or want to express the possibility of a change in the exchange rate regime or that the bands could be modified.” “What I said is that Argentina has a system of exchange bands that open over time and that eventually make possible an orderly transition to a floating regime. The Bloomberg cable can lead to confusion and hence the need to clarify it“, he noted.
News in development.-
Source: Ambito
