The head of the Treasury Palace also required an investigation into “the existence of speculative maneuvers in the purchase and sale of public securities in markets regulated by the CNV under different settlement currencies with the aim of manipulating the market and generating a rise in the parallel exchange rates commonly known as the MEP dollar and dollar Cash with Liquidation”.
The minister’s decision is given after registering rises in the prices of government bonds in foreign currency prior to the official announcement of the debt repurchase. Likewise, at a time when there are movements in the exchange market that are suspected in official media that they may be aimed at causing a devaluation of the peso.
In a note sent to the CNV, Massa demands “the identification, if any, of the potential beneficiaries of these maneuvers, including those who have bought dollar-denominated securities using pesos and/or who have sold those same securities against foreign currency.”
Particularly, request “Please appear in the case labeled “SANCHEZ KLABERMATTEN ALEJANDRO s/ Investigation of crime” (file CFP185/2023) pending before Federal Court No. 6 of Cabamaking available and providing the list of individuals and legal entities that acquired bonds denominated in dollars with settlement in local currency and/or who made sales of those same securities with settlement in foreign currency, in the days prior to the implementation of the measure referred to in subsection”.
The minister considers that “this intervention will provide clarity to the question raised, since the government’s decision in the repurchase was to protect those who speculatively sought to devalue our national currency and the value of our sovereign debt.”
It adds that “these actions will make it possible to clarify whether the market activity was associated with a leak of sensitive information that allowed some privileged people to make extraordinary profits or, on the contrary, if what happened was a speculative attack against the national currency that the government deactivated with the measure of repurchasing debt in foreign currency”.
He concludes by stating “that the continuation of the requested measure will guarantee the transparency of the government’s actions, and intends, beyond political skirmishes, to make visible an operation that was aimed at affecting the treatment of Argentine sovereign debt”.
Source: Ambito
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