In this sense, he assured that “the dollars are” and that the agreement signed with the International Monetary Fund allows the implementation “an exchange rate regime that is much better” and that will “calm down the economy” and bring certainty to the macroeconomic variables so that “inflation is gradually reduced, maintaining growth, maintaining the trade balance surplus and accumulating reserves.”
“The dollars are there. In the month of March we had import payments for 7.1 billion dollars, an absolute record in terms of import payments. Goods for 7.1 billion dollars went through customs through the port. It is more than that was imported in 2019 with a similar product and with a much cheaper exchange rate for the dollar”assured Carrera in an interview with C5N.
According to your analysis, what could be happening is that “many sectors that with a CCL or MEP dollar at 220 pesos, importing with official dollars was a good speculative business” but that, for this, the BCRA was “organizing that demand”.
“There are sectors that have surely been overstocked and that by increasing the interest rate and that speculation is not so profitable because it has been closing, they are going to release these stocks”Carrera said.
Although he said that “Unfortunately, the lobbyists put pressure on us like we are going to run out of coffee or gas” held that “It is clear that there are dollars and that they are going to continue coming in because now the entire harvest settlement is coming”
That’s why he said that “The agreement with the IMF is very important because other dollars will enter that would not have entered, those from the multilateral banks, bilateral financing from European countries or China and from companies that are going to give financing to their subsidiaries but that was expected to see if it went into default or not”.
“The payments (for almost US$46,000 million) that the government of (Mauricio) Macri had left were an insurmountable barrier that expired in 2022, 2023 and 2024. We were stretching them over 12 years, which was just they will finish paying in 2024,” Carrera said.
“Society is going to perceive these achievements and it is going to perceive that there are no adjustment commitments, because spending in real terms continues to grow moderately and the reduction in the deficit is achieved through better tax collection”he concluded.
Source: Ambito
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