Recognized economists referred to the measures announced by the Minister of Economy, Luis Caputo, among which the end of the stocks and an exchange rate that will move freely between two bands stand out.
The government announced on Friday the end of the exchange rate and an exchange rate that will move freely between Two bandswhile The International Monetary Fund (IMF) disburses a new credit to reinforce the reserves of the Central Bank (BCRA).
Knowing the news that surprised the market, economists commented on the measures announced by the Minister of Economy, Luis Caputoat a press conference, in which he also said that next Tuesday the IMF will carry out a First disbursement for US $ 12,000 million as part of a New agreement for US $20,000.
Carlos Rodríguez, Milei Exasesor:
“If the dollar in the Mulc reaches $ 1400, would the stock return? This has a 30%devaluation smell … a repeated number from Sigaut.”
Claudio Loser, former director of the IMF for the Western Hemisphere:
“I must say that I am surprised by the amount of money that is made available to Argentina from next week, approximately 12,000 million dollars.”
“The elimination of stocks is important, it is not that everyone can get the money, those who have to send profits are limited, but what is more important is that the dollar will fluctuate, there will be fluctuation. People will be very nervous (…) It is not that everyone will want to buy inside the band.”
“You have to see the limitations that the IMF puts to the government in terms of use of resources, but it certainly gives it a more important margin that can be strengthened with money from other organizations.”
Ricardo Delgado, economist:
“This is a devaluation, different from what the government would have intended to calmly reach the elections (…) it is striking that at this time of global volatility, the stocks are lifted.”
Agustín Etchebarne, general director of the Liberad y Progreso Foundation:
“Uncertainty will be reduced and that is very positive and, if we look at what is happening to me there are two issues that are important. One is going to collaborate to solidify the Central Bank. The Government did a phenomenal job.”
“I think it already sanitized 90% of the BCRA balance and now with the agreement with the Monetary Fund will allow you to enter reserves to be able to have 100% sanitized. That is very good and that will allow the medium -term inflation to continue lowering at much lower levels than the current ones.”
Source: Ambito
