Dollar and devaluation
“We do not see any devaluation expectations, except for the bank runs that the previous minister had to suffer,” launched the head of the Treasury, and anticipated that “they will seek new price agreements.”
At this point, he stated: “The official dollar is not going to be devalued, the dollar is embedded in many prices of goods and services. When one looks at the multilateral exchange rate (TCM) it is competitive and there are no reasons to devalue it.”
In addition, he maintained that “we are going to have a trade balance record but we are not in a risky situation. Argentina needs to export. Companies are stocked and that puts us in a better situation to be able to export.”
In another passage of the note, the economist said that “the State has to demonstrate fiscal solvency, otherwise it is very difficult for things to work.” He also assured that foreign exchange should be put according to production.
Asked about the demand for dollars for travel and for the purchase of goods abroad, the minister said that “The right to travel collides with the generation of jobs. That is what the government is for, to alleviate these tensions. And when we import final products, we import jobs that were generated abroad.”
Transition
Regarding his sudden assumption in the Palacio de Hacienda, Guzmán’s successor affirmed that “he never stopped following the macroeconomy, which is something that worries us all.”
Regarding the internship in the Government, he affirmed: “We think that sometimes they are not the same, but that does not mean that we doubt the objectives. In that sense, total tranquility.”
Rates
On the other hand, the official referred to the service rates and said that “We are working with the decree that the president instructed the Secretary of Energy and that decree tells us about a segmentation.” He ratified that this decree will not have changes.
Regarding inflation, Batakis said that private projections “are not realizing” that July is going to have a considerable increase. “We need to work on it quickly. There is a large population that is suffering from this, but at the same time, Argentina has one of the lowest unemployment rates in its history,” he added.
IMF
“The meeting with Georgieva was protocol, to introduce ourselves. I knew part of the team. It was a very good meeting, where we talked about the imbalances that the world is experiencing and how that impacts Argentina,” he said regarding the conversation he had. this Wednesday.
“I do not plan to travel to the US, but Georgieva is willing for us to meet,” he added.
Source: Ambito
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