Presidential spokesman Manuel Adorni backed Economy Minister Luis Caputo after criticism over gold sold abroad.
He Government, through his presidential spokesman Manuel Adorni, referred to the gold placed abroad, a maneuver carried out by the Minister of Economy Luis Caputo, and assured that no asset belonging to the Central Bank can fall into an embargo: “We comply with the regulations as appropriate.”
The official from La Libertad Avanza responded in a press conference and, in response to the warning from economists, backed the Minister of Economy Luis Caputo. “I effectively ratify everything that Minister Caputo said. They mark gold because it seems striking to them, but the same management can be used with any of the Central Bank’s assets to effectively achieve the highest yield and, in the case of gold, so that it is not idle in terms of yield, but there is no anomaly in the operation. There is no danger of embargo, otherwise we would not have done it“, he pointed.
Manuel Adorni Presidential Spokesperson
Ignacio Petunchi
Luis Caputo confirmed that the BCRA took gold from the reserves and sent it to London
The Government confirmed this Friday that The Central Bank (BCRA) sent gold bars to England. Did the Minister of Economy, Luis Caputoin an interview on Friday, described the decision as “a very positive move by the Central Bank,” given that it considered that, in this way, it can obtain a return, unlike when it is in the coffers of the financial regulator.
In this way, although informally, because the Central has15 days to officially respond, he replied to the request for information made by Sergio Palazzo, deputy and general secretary of La Bancaria, the union that brings together workers from financial institutions.
In the letter, Palazzo asked the Government and the BCRA to explain whether On June 7 and 28, trucks carrying gold from the Lumil company left to transport the gold from the BCRA vault. to Ezeiza, where the They boarded the British airline British Airways to an unknown destination, although it is assumed that it was the Bank of England.
Martín Guzmán said that dollarization is “a failure” and warned of the risks of gold outflow
Martin Guzman, former Minister of Economyagain attacked the economic policy implemented by the Government and its plan Dollarization proposed by President Javier MileiThe former official harshly criticized the dollarization strategy, which he called a “failure of the system” and highlighted the fragility of the proposed scheme.
Guzman He argued that the dollarization plan is doomed to failure because it prevents viable alternatives from being considered. In his opinion, this scheme is disastrous for the real economy and seriously harms the productive system. According to him, the economic policies implemented, which include a severe adjustment, not only result in a political failure, but also deteriorate the country’s economic structure.
The former official’s words come from his last interview on C5N, and Guzmán also expressed concern about the recent outflow of gold reserves from the Central Bank. The economist described this movement as “dangersor” for economic stability.
Source: Ambito
