The official explained that in relation to the weights, “There are between 5 and 10 times more dollars held by people“, which considered:” If people really trust this new scheme, It would be natural to start transaction more in dollars“
In that sense, he explained that in principle the amount of pesos in the economy will not increase since the government maintains a zero emission policy. “The only way to emit is whether the dollar goes to the floor of the flotation band. In that scenario The Central Bank would sell pesos, that is, injected them into the market“, held.
In this way, he pointed out that a “much more natural” form of remumding the economy is to use dollars: “people have dollars at home, they have them at your disposal. If I have the dollars, I use them. The amount of pesos low and that of dollars rises more and more then the endogenous dollarization occurs, which President Javier Milei explains so well. ”
In turn, he reiterated that today “the dollars can use them for whatever you want.” On this point, he explained: “We are in a scheme of coin competition. If you look at neighboring countries with similar models, people use more dollars for things that are more expensive But the reality is that you could also use them to pay in the supermarket. It is not a topic“He said and emphasized:” It is to the taste of the consumer, as it has to be. “
Luis Caputo highlighted the plan to use “the dollars of the mattress”: “There is a claim to the Argentines”
Regarding the plan that launched the Government This morning, the head of the Palace of Finance said that the refinancing of the treasure is a “Collateral positive effect“Although he remarked that the main objective is to carry out a “Regime change.” “It’s much deeper,” he said.
In that sense, he stressed: “I received more mess messages than when we left the stock. There is a claim to Argentines“
As for the benefits of the plan, he stressed: “If people effectively deposit their dollars, we will allow us to sustain this level of growth or even increase it. That will Give greater collection And, if the expense does not increase, the level of savings or surplus of the state is higher and allows us to lower taxes more quickly. Is Something for all Argentines“
On the operation of the new system, the owner of Arca, Juan Alberto Pazomade it clear: “Whatever you want, if you want to buy a house. If you adhere to this regime, we are not going to look at you the past.” In turn, he added that to ensure that this is effectively, they will send a project to the Congress to modify Tax Criminal Law and the Tax Procedures Law to “lift the thresholds and reduce the prescription terms.”
Source: Ambito
