There will be no devaluation and people will have to liquidate dollars

There will be no devaluation and people will have to liquidate dollars

The chief of staff ratified the word of the Minister of Economy Luis Caputo and assured that they are preparing for a new stage in which companies must be the protagonists.

Ignacio Petunchi

The Government confirmed today that there will be no devaluation and that citizens must liquidate their dollars, in an attempt to stabilize the economy and attract investments after the approval of the Bases law.

“Now our ability to manage the Bases and Laws will be seen. attract investments, whether we are efficient or not“said Chief of Staff Guillermo Francos.

Caputo and Bausili.jpeg

On Friday, after the approval of the Bases law, Luis Caputo and Santiago Bausilli spoke about the economic policy for the coming months

On Friday, after the approval of the Bases law, Luis Caputo and Santiago Bausilli spoke about the economic policy of the coming months

Regarding expectations about the markets and political stability, Francos indicated: “I did not expect an immediate reaction from the markets. I suppose the markets are still analyzing and will begin to analyze the impact when some measures begin to appear. “The market will rebound when there is institutional stability and concrete economic measures.”

The Relationship with the IMF described as “very good”although Francos did not confirm whether there was a request to remove Rodrigo Valdés from the negotiations.

The Chief of Staff stressed that President Javier Milei act with caution regarding the lifting of the exchange rate to avoid a blow to inflation.

The relationship between the Government and the opposition

Regarding the economic situation and fiscal measures, Guillermo Francos, in an interview with Infobae, stated: “Kirchnerism has a need to obstruct. They have not yet come to terms with the defeat. There will be no devaluation and people will have to liquidate their dollars.”

Regarding the relationship with the PRO and possible alliances, the official mentioned that “The relationship with the PRO is almost natural. We have worked very comfortably with them in the treatment of these laws. Today, Milei has a much greater penetration capacity than the PRO.”

After the Bases law, the focus will be the Supreme Court

The ruling party will insist at the legislative level with the presentation of an electoral reform, although limited to avoid the ups and downs that the Bases law had. Expanding the number of judges on the Court to include women could also be considered.

Francos’ message to the agricultural sector is clear: “I ask the agricultural sector to liquidate production.”

Source: Ambito

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts