Melconian put a price on it after the elections and anticipated devaluation

Melconian put a price on it after the elections and anticipated devaluation

October 18, 2023 – 1:37 p.m.

Who would be minister of economy in an eventual victory for Patricia Bullrich also referred to the value of the blue dollar and whether it is “expensive” or “cheap.”

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Carlos Melconian, who would be minister of economy in an eventual victory of Patricia Bullrich On Sunday in the 2023 elections, he spoke about what could happen on Monday after the elections. In this way he put a price on the official dollar anticipating a devaluation.

According to their estimates, the North American currency will be quoted at $500when today it is in the $350.

While when asked if the blue dollar at $1,000 is “expensive or cheap,” Melconian responded: “It depends on who wins. I believe that it is not enough for the libertarian candidate. And he has stated that the more conflict and the higher the dollar is His task of dollarizing is made easier.” The truth is that he then maintained that “without dollars it cannot be done at any exchange rate.”

He also specified that “if we enter into a rational program, where there is comprehensiveness, that is, a reform of the public sector, begins to align a stability program, I would say it is a high exchange rate, of miserability for Argentina.” And as an example he said: “You realize when you sit down to eat and next to you you have a table with tourists. The rates “You can’t believe the kind of cost, with a dollar at $1,000 today, Argentina is a poor, miserable country.”

Dollar Dollar Dollar Blue

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In that sense, he stressed that “we present ourselves with a solid, possible, real program that It does not need any prior explosion. But we want to clarify something: Argentina has a dollar that is useless, of $350 official pesos. This is a type of exchange like the one that Alberto Fernández de Macri received. If Fernández, who devalued every day, had not fallen behind, that was 350 pesos. Massa was honest when he finished the STEP”. While he said that “what we need to tell the common man is that $350, with 12% inflation. It’s wrong again.”

“People have to start getting it into their heads that the $350 has to be sincere, at least because of inflation occurred. That’s going to happen. It would be extraordinary if the minister, if he does not enter the second round, sits down to talk about these sincerities,” added Melconian, and stated that “it would be very good for Argentina if the entire inertial inflation happens beforehand, so that the next government does not bear that inflation. “I am speaking as an Argentine recontra.”

Source: Ambito

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