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denied megadevaluation, cools agreement with IMF and continues dollar Blend and crawling at 2%

denied megadevaluation, cools agreement with IMF and continues dollar Blend and crawling at 2%
denied megadevaluation, cools agreement with IMF and continues dollar Blend and crawling at 2%

The Minister of Economy, Luis Caputo, ratified the economic course of the national government: through a message on social networks.

With this statement, the minister sought to put an end to unfounded speculation and reaffirm transparency and consistency in the government’s economic policies.

Reuters

The Minister of Economy, Luis Caputo, ratified the economic direction of the Government national: through a message on social networks he denied an imminent megadevaluation, assured that a new agreement with the International Monetary Fund (IMF) is not yet in place and ratified the continuity of the “dollar Blend” at 80/20, as well as the continuity of the crawling peg at 2%.

Through his from the country, maintaining a low profile in relation to the media“.

Caputo recognized that this position can not favor the work of journalism, although he highlighted that many serious journalists choose to report only what is verifiable. However, He lamented that others get upset and resort to making up stories in retaliation, or even blatantly fabricate stories.

Regarding speculation and rumors, the minister was clear: “We can’t waste time refuting each of these lies“. He reaffirmed his team’s commitment to directly inform any change in economic policy and assured that they comply with what they communicate.

Additionally, Caputo clarified several key points

  • No devaluation is planned.
  • The 80/20 scheme will be maintained and there is no conflict with the Fund in this regard.
  • The 2 percentage point “crawl” will also be preserved.
  • Negotiations for the next agreement with the International Monetary Fund have not yet begun, but he stressed that they maintain a solid and positive relationship with said institution.

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With this statement, the minister sought to put an end to unfounded speculation and reaffirm transparency and consistency in the government’s economic policies.

Source: Ambito

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