The economist and member of the President’s Council of Advisors Ramiro Castiñeira ruled out that there is exchange delay regarding the dollar, ensuring that “a strong economy has a strong currency.”
Through an analysis shared on his X account, Castiñeira recalled the economic policies that generated a delay in the exchange rate in the last governments to show that the current panorama and results are different.
Firstly, he referred to the administration of the president of the Justicialista Party, Cristina Kirchner, maintaining that “Cristina delayed the dollar by bursting reserves. The question is: Are reserves bursting today? Answer: No, even 19,000 were purchased in one year. Record”.
Continuing in chronological order, he mentioned the management of the current president of the PRO, Mauricio Macri, asserting that “Macri delayed the dollar by placing external debt. The question is: Is foreign debt placed today? Answer: No, even 20,000 million were canceled in net terms. Historical”.
Meanwhile, ultimately, he alluded to the government of Alberto Fernández, indicating that “Alberto delayed the dollar by putting together a colossal financial bicycle with BCRA debt at rates of 133%. The question iss: Does a financial bicycle exist today? Answer: No. The BCRA no longer has paid debt and has already lowered the rate to 35%.”
Given the situation presented, the head of the consulting firm Econometrica concluded that “No reserves are blown, no external debt is placed and there is no financial cycle because the BCRA no longer sells remunerated debt or future dollars.”
In this way, he expressed: “Guys, stop raving about ‘exchange delays’. A weak economy has a weak currency. A strong economy has a strong currency.” Likewise, he specified that “This type of exchange provides a salary in dollars of around a thousand dollars, like in the rest of the LATAM countries without dictatorships or Peronists.”
At the same time, Castiñeira highlighted the fruits of the current economic policy, indicating that: “Now there is a fiscal, commercial and energy surplus. The machine has been turned off, fiscal surplus 2025 is assured with or without a budget. Private investment started for the first time in decade and a half”.
In this context, he questioned the economists and political leaders who install the idea of exchange rate delay, stating: “Learn from how expensive it was to listen to the doomsayers in 2024. It will still be very expensive to listen to them in 2025. Value your time.”
The presidential advisor’s analysis was replicated and accompanied with applause by the Minister of Economy, Luis Caputo, on the same social network, showing the Government’s firm stance on the dynamics of the exchange market while the stocks are still maintained.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
