The President will insist on the monetary nature of inflation and, in this context, he will point out that the exchange rate is just another price in the economy.
Javier Milei will refer again this Wednesday to the issues “Money, Prices and Exchange Rates”, within the framework of the 170th anniversary of the Buenos Aires Stock Exchange, according to a high-ranking source from the Casa Rosada to Ambit.
As he usually structures his presentations, the President plans to first make a theoretical introduction with a historical explanation, and then refer specifically to the Argentine case.
Milei will insist on the monetary nature of inflation and, in this context, he will point out that the exchange rate is just another price in the economy.
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Therefore, you will be able to emphasis on the importance of closing the monetary issue and will once again outline the achievements of his administration in terms of reducing the Treasury deficit as well as the quasi-fiscal deficit.
He will conclude his presentation by referring to the conditions for exiting the Cepo, for which it will reiterate the need to maintain a zero deficit, eliminate remunerated liabilities and puts, as well as ensure that inflation converges to rates that tend to zero.
Source: Ambito
