The former Minister of Economy questioned the measure, citing the possibility of an embargo. Lucas Llach, former vice-minister of the BCRA, responded and there was a reaction on social media.
Former Minister of Economy Martin Guzman He questioned the BCRA’s gold REPO operation and stated that it is like “pawning grandma’s jewelry.” On social media X (formerly Twitter) he strongly criticized the former vice president of the Central Bank, Lucas Llachwho responded with accusations of “spending depositors’ dollars.”
The Government’s decision to send gold abroad It sparked opinions for and against. The Minister of Economy, Luis Caputo, He explained that it is a “very positive move” by the Central Bank because it seeks to “maximize returns.”
What Martin Guzman said about gold
“Is this why they are taking the Central Bank’s gold out of the country? @JMilei, @LuisCaputoAR and Santiago Bausili?“, accused the former Minister of Economy today, Martin Guzmanin a post on the X network, tagging the president, the Minister of Economy and the president of the Central Bank, and attaching a section of an interview that Milei gave to the journalist Alejandro Fantinoby Neura.
In that part of the interview, the President pointed out, in reference to debt payments and the financial solvency of the Government: “We have already closed the roll-over (refinancing of debt maturities), so the only thing we have to guarantee is the interest. We already have the repo set up for next year, in case we want to go to the market and we don’t get it. roll“We have the repos to cover”
Then Milei He added: “You understand what I’m saying: we pay whatever it takes. I’m telling you: we pay whatever it takes. Because inevitably, when you see that I live with financial equilibrium all the time, you’re going to realize that I’m solvent and at that moment, interest rates will collapse.”
Martín Guzmán reiterated the President’s statements and explained: “Clarification: a repo is like pawning your grandmother’s jewelry. You give the gold in exchange for dollars. Then you have to return the dollars to get the gold back. If you don’t have the dollars, the pawn shop (in this case, an international bank) keeps the gold.”
Lucas Llach’s harsh response and Martín Guzmán’s strong cross
After a while, Guzman had the response of the former vice president of the BCRA between 2015 and 2018 and of the Banco de la Nación Argentina in 2019. In one line, Lucas Llach pointed him out for spending ““depositors’ dollars.”
“You spent all the depositors’ dollars, Guzmán. It’s striking that it’s not a crime,” he said. Llach to what Guzman He replied: “That is false, being filthy and disgusting.”
Source: Ambito
