Officials, legislators and pro-government leaders came out to criticize the former Minister of Economy of the government of Mauricio Macri Nicholas Dujovne for proposing to invest the currency swap with china in bonds, accusing him of being “in favor of financial business” and “timba”.
This Sunday morning, Dujovne had stated on his Twitter account: “The Government maintains that the yuan from the swap can be used for any purpose and that this mechanism has a lower financing cost than that of the IMF. So you could sell the yuan and buy $10 billion in T-Bills that yield 5%? I guess they will tomorrow.”
Finance Secretary Eduardo Setti explained that the swap “enables the availability of foreign currency for our economy’s foreign trade, while contributing to financial stability and reducing market volatility.”
In addition, he clarified that it is not an instrument “to do financial business but to increase exports, create employment and strengthen the real economy.”
For his part, the Secretary of Development Planning and Federal Competitiveness, Jorge Neme, He asked the former minister on Twitter if he was “Always thinking about timba?” He assured that the government will use the swap “to strengthen productive activity and take care of financial stability.”
“You starred in a failed government, focused on speculation and debt. What corresponds to you is silence and apologizing,” he snapped at Dujovne.
Meanwhile, the Secretary of Agriculture, Livestock and Fisheries, Juan Jose Bahilloquestioned Dujovne for raising “timbear or bet money from Argentines and Argentines in the financial market.”
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“We are going to strengthen the country’s economy with greater economic stability. We are betting on that. Will you ever be able to reverse your priorities and not start thinking about speculation and gambling? Will you ever be able to think first of how the majority benefits? “, he added.
The Secretary of Transportation Management of the Ministry of Transportation of the Nation expressed the same way, Jimena Lopezwho asked him via Twitter if “the timba” that applies to his reasoning is the same that he applied when “the IMF loan that we are doing magic to pay” escaped.
Meanwhile, the Chief of the Cabinet of Advisors of the Ministry of Agriculture, Livestock and Fisheries of the Nation, Juan Manuel Fernández Arocena, stressed that “Dujovne is always in favor of financial speculation and clearly against production and national development.” “That’s how he left us and on top of that he talks,” he added.
Also, the undersecretary of Food, Bioeconomy and Regional Development, Luis Contigiani, He stated that Together for Change “is bothered by a capitalism capable of creating value, goods, work, development, innovation and they only want one that has no limits to speculation, concentration and capital flight.”
For his part, national deputy Ramiro Gutiérrez, indicated that “The resources that must be obtained and invested, among other things to change the country’s productive matrix and rebuild a hurt society, are those that the ministers who never were never invested.”
Likewise, the vice president of the Buenos Aires Chamber of Deputies, Ruben Eslaimanasked Dujovne if his statements about swap were “as a pseudo journalist or as the Minister who was fired for being incompetent because he crashed the Economy by promoting capital flight.”
“Aren’t you ashamed? Keep quiet and continue to advocate for yourself and your Macrista friends and the City!”he claimed.
Source: Ambito
