Oh, coincidence, they moved $40 in five days

Oh, coincidence, they moved  in five days

August 10, 2023 – 2:35 p.m.

The Minister of Economy denied that a situation like that of 2019 could occur, alleging that he now has the possibility of intervening in the markets.

The pre-candidate for president for Union for the Homeland, Sergio Massa, referred to the rise in Dolar blue in the midst of the strong demand of the last few weeks, prior to the PASO and pointed against the “speculators”. He also ruled out a run from Monday.

The Minister of Economy denied that a situation like that of 2019 could occur, alleging that he now has the possibility of intervening in the markets. In Mar del Plata together with the head of the Anses, Fernanda Raverta, Massa spoke about the stock market. “Oh, coincidence, I moved $40 in five days”, he said wryly.

Massa assured that he is not afraid of generating an exchange stampede. “At that time they had signed the non-intervention clause”he remarked in relation to the agreement that the government of Mauricio Macri had with the International Monetary Fund (IMF) at that time.

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“For a long time the speculation occurred around the financial dollars Massa insisted. There was a time when I got tired of that speculation, and I said: ‘The non-intervention clause no longer applies. I am going to intervene in the markets every time they generate instability in the prices of financiers because it generates instability in the prices of the economy’. What happened? Those who speculate and play with the uncertainty of the merchant or pensioner take speculation to a small and informal market where the State does not have the capacity to intervene, which is the blue one”, he pointed out in an interview with the La Capital de Mar del Plata newspaper.

At that moment, he slipped that the last upward movements of the dollar, which today exceeded $600, right in the final stretch towards the elections, are not a coincidence. “This Wednesday the FIU [por la Unidad de Información Financiera] and the National Securities Commission (CNV) they reviewed the operation of the operations, That’s all they did, and the market was ironed. Because it is also black silver that they cannot explain where they got it from and that all it does is threaten price stability and peace of mind, ”he remarked.

Source: Ambito

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