In this sense, he agreed with the statement that defines the bimonetarism as the most difficult crossroads of the Argentine economy“of which the Vice President spoke when she referred to the fact that it is one of the main problems of Argentines,” Valdés recalled.
Last May, Fernández de Kirchner assured that “The main problem that the country has is the bi-monetary economy” warning about “the total and absolute importance of the dollar in price formation”, after which he called on all political forces to “approach an agreement on how to solve the problem”. In addition, he warned about the phenomenon that “It is happening in Argentina that workers in a dependency relationship are poor.”
In that presentation, the former president explained that the bi-monetary economy “It is not only the demand for dollars for imports, but also that people seek and want to save in dollarsand it is not a question of the left or the right, nor of social class”, emphasizing that the currency became in Argentina “a currency for savings and real estate prices”.
Coinciding with this proposal, Valdés today added his desire for the “a great political agreement at a time when the crack is so important“to create a regional currency and that the currency of commercial exchange within Mercosur ceases to be the dollar.
He added that His initiative “has no differences” with respect to another presented in the same sense by the PRO deputy, Fernando Iglesias, to which the economist Nicolás Dujovne also subscribedformer Minister of Economy of the management of Mauricio Macri.
“It is important to work togetherespecially on this issue of the single South American currency, where they (for the opposition) have already expressed their agreement,” Valdés insisted.
The legislator also said that the projects to create a common South American currency could become the “beginning of something different, a way of flying low at first to see how we are advancing later.”
“Let’s imagine that instead of trading in dollars we do it with our own currency at times where there is also great uncertaintybecause we don’t know what will happen after the Ukraine-Russia war,” he stated.
Along the same lines, he considered that “it is a very good moment” to promote the initiative that he presented yesterday in the Lower House, because “Lula has just announced that he will appoint Economy Minister fernando haddadwho at the time presented a project along the same lines”.
“A single southern currency as a medium of exchange within the regional bloc“, Valdés deepened when referring to the keys of his proposal.
The legislator also wondered “how and when did we start trading everything in dollars”, even between associated countries that are part of Mercosur, and referred to “the 1970s, when the Six Day War took place and the United States asked Saudi Arabia that the currency with which it would trade barrels of oil would be the dollar“.
“From that historical moment the dollar is globalized as a currency of exchange and today we are dollar-dependent,” he reported.
And he added: “That is why it is important that in intra-Mercosur trade let’s change this paradigm“.
Likewise, he considered that at present “the conditions are ripe to advance in this direction” and stressed that “there are no impediments to putting it into practice.”
“This is, as the Vice President pointed out, one of the substantive issues in which Argentina needs a large transversal political agreement to resolve growth and the external restriction,” Valdés reiterated, while recalling that President Alberto Fernández also spoke about it.
“With Brazil, a long time ago, we have the idea of integrating into a common currency. Mercosur is approximately 75% of South American GDPwith which it would be marvelous to materialize it”, said the head of state last September, within the framework of the conference ‘Global challenges: a Latin American perspective’.
Therefore, Valdés urged that “in this class of issues, politics give answers to citizens beyond the differences between party spaces.”
In the letter of the draft declaration presented this Friday, Valdés It also highlights the support of both the ruling party and the opposition; and with respect to the position in Brazil, a country of central political and commercial importance for the region and whose support would be decisive for the progress of the initiative, he underlines that there is cross-cutting approval.
In the text he not only recalls that “Lula threw out the idea, which was worked on by his technical teams, and headed by who will be his Economy Minister, Fernando Haddad” but also “Jair Bolsonaro’s minister, paulo guedessaid on several occasions that a A single currency for Mercosur would allow for greater integration and a free trade zone”.
“A single South American currency would imply an improvement in economic integration at the regional level. If we look at the In the case of European integration, its system obtained significant improvements by adopting the euro as the single currency and creating the European Central Bank, putting an end to inflation and recurring devaluations in various StatesValdes concluded.
Source: Ambito
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