The option of applying a devaluation that is equivalent to the inflation rate minus one point is also being considered.
Dollar: Economy defined how long the currency will remain stable
The Minister of Economy, Sergio Massaarrived this monday Washington to formally close the disbursement of the International Monetary Fund (IMF), which was originally scheduled at US$7.5 billion, although everything indicates that the agency will increase the amount to at least u$s10,000 million.
Everything will be defined this Wednesday, August 23, when the meeting of the authorities of the organization is scheduledwhere the case of Argentina will be discussed, among others.
According to estimates, the first disbursement is expected to be available starting this Wednesday, August 23. Likewise, and according to official projections, once outstanding payments have been paid and the corresponding refunds have been made, it is estimated that the Central Bank (BCRA) will have an available balance close to US$3.400 million.
Dollar: how long will it remain stable?
In this context, the minister Massa established that the value dollar officer will stay on $350 until November 15. Subsequently, there is a possibility that it is linked to the index of inflationalthough it will seek to keep it below that figure.
The option of applying a devaluation that is equivalent to the rate of inflation minus one point.
In the economic sphere, it is taken for granted that, after the devaluation and the significant price movements that occurred especially last week, the inflation rate will increase for the next few monthsin line with the projections of the private sector.
Despite this, there is confidence that, thanks to the renegotiation of the program Fair Pricesit will be possible to avoid reaching double-digit inflation figures.
It is even anticipated that the months of September and October will mark a downward trend in inflation. This is due to the fact that, within the framework of the agreements reached with the companies, adjustments of around 5% have been defined, as is the case of the food industry, among others. In contrast, items such as medicines and fuels will remain with stable prices until the end of October.
Source: Ambito
