He Minister of Economy, Luis Caputo, said present in the Córdoba trade stock market. After the ads last Thursday – they seek to encourage The use of unpleasant dollars – The official gave details of the implementation of the measures and as they can impact on macroeconomy.
According to the analysis carried out by the Minister of Economy, one of the great inconveniences that Argentina has are the high levels of informality that are the product of the “Excess taxes and regulations”. “Do not have doubts that we are not going to move a centimeter of this path”, He sentenced during his visit to Córdoba.
Luis Caputo’s most important definitions on the dollar
Consulted by the future of the exchange rate, the minister was blunt and assured that the floating band program “It is designed so that, sure, there are no problems with the dollar” and that the current situation “obeys economic foundations” which seeks to establish the government of Javier Milei.
“We have a primary surplus, We have a strong monetary control. Every time, through the surplus, We continue to absorb weights and the reality is that there will be more dollars more and moreeither by companies that are financed abroad, either for what we are doing”he added.
Once again, the official said that “The exchange rate is the consequence of your order or Macroeconomic disorder”.
In this sense, Caputo responded to criticism about a “backward exchange rate” And explained: “Some have this perception of the low dollar because this whole process became relatively fast and because we come from the highest real exchange rate in history. But precisely, it is coinciding with the economic situation we inherit, which is the worst in history”.
Luis Caputo spoke to the countryside and asked for “patience” referring to withholdings
One of the most important points of Caputo’s speech was when he responded to The tax demands of the field. A week ago, during the National Day of Agro (Jonagro 2025), The agricultural sector discussed intensely on the present and economic future of the country, with emphasis on the urgent need to definitively eliminate withholdings.
In his words, Caputo acknowledged that the government has “debts” by him “exports side” And he remarked that these have them “especially with the field”. However, producers asked for patience: “You can’t solve 20 years of handling in 1″.
Dollar soy withholdings
Depositphotos
“I would love to lower the withholdings today, but I ask you patience because we show them that we are doing it”Caputo explained in tune with the Search to approach the field.
“Every time we can show the field as we support them and the truth is that the field also values it. It must be recognized that they are very patience, a lot of perspective and also grateful“continued a relaxed and dialogue caputo.
“I believe that there will be no problem with them because we have a good dialogue, they understand where they come from, which are not only greater withholdings, but also a exchange gap that was 3 to 1. I think they are clear that this is a process and They see that we are giving them the fullest we can. As the country grows, this will be faster”he sentenced.
What Caputo said about the future of inflation in Argentina
Without being a central part of his speech and the subsequent interview he starred in, the minister made a parallel between the situation of inflation and the possible increase in reserves of the reserves of Central Bank of the Argentine Republic (BCRA).
“I believe that the increase in the level of reserves is not cause but a consequence of the economic program. It is a time issue. It’s like inflation, they are consequences“Caputo said.
In this regard, he analyzed: “If you are doing things right, inflation will fall. The address is that. If you do things well in this country will increase. Is it going to be next week? Within 15 days or 45? It doesn’t matter. Is what is going to be“.
Source: Ambito
