The economist made a reference to a possible “additional recovery jump of the exchange ‘backlog’.” “The minister wants to avoid it, the question is whether he can do it. The idea has not been eradicated to the point where the gap is 100%.” In this sense, he considered in Agrofy that with the soybean dollar advances were made.
“Devaluation expectations did not disappear, but they took a breather. The official aspiration not to devalue may require more fiscal and monetary adjustment than announced, a drop in activity or a mixture of the two. And even so, it may be insufficient “, I consider.
Speaking of the soybean dollar, he added: “We are seeing the result, it is enough to advance and continue with the ‘elongating plan’. To clear (a devaluation) is another word, not yet. On October 1, something will have to be answered (for Sergio Massa), not yet We know, but it’s clear that something is coming.”
“It will be impossible for the soybean dollar to end because soybean farmers sales would drop to zero. They will have to look for an alternative exchange link, they will have to find it, “he said and affirmed that there will surely be changes to the tourist dollar and credit card purchases.
During the presentation, he considered that the central bank reserves and the exchange gap represent a “red light” for the exchange rate. The exchange delay (between 20 and 35%) represents a yellow/orange light and the international prices of grains are added, which fell during the last time.
“Beyond whether the goals of the agreement are met, the macroeconomic unknown with focus on the exchange rate and inflation continues to float in the air”he pointed.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
