The Minister of Economy responded to a user of the social network X. “The peso will be the strong currency,” he said.
The Minister of Economy, Luis Caputo, He assured that “Soon people will have to sell dollars to pay taxes” and that “the peso will be the strong currency.” The official stressed that “The goal was always to dry up the peso market”“I’ve been saying this since the first interview, but some people are still not convinced,” he added.
The minister spoke out after receiving a query on social media X about the decision to close the issuance of pesos to begin the purchase of dollars in the Single and Free Exchange Market (MULC), which has been in effect since last Monday.
“Nothing changes in the exchange rate. This is a deepening of the monetary scheme. To the extent that the BCRA injects pesos by purchasing dollars in the MULC, it will effectively sell dollars in the CCL to sterilize those pesos. In other words, the amount of pesos will no longer grow. It will only shrink, since the country currently has a fiscal surplus. As we have been saying since January, the peso will be the currency in demand, since taxes will continue to be paid in pesos and the amount of pesos will be reduced further each month by the equivalent of the primary surplus,” he explained when announcing the operation.
News in development .-
Source: Ambito
