While it is not the first time that he talks about the end of the exchange rate, tonight he set a date again. “On December 31, 2025 there will be no more stocks”, He defined and advanced that “at some point in this year it will be built.”
“That will depend on the agreement with the IMF and how disbursements are structured”complete. It is worth noting the new agreement with the IMF is in its final instances, this Monday, Economy Minister Luis Caputo ratified that they are defining the amount of disbursement and that it is scandal with the crypto does not interfere with the talks in Washington.
As for the macro, the president explained that “when inflation looks in dollars, that is, when you clean the effect of” crawling peg “, Argentina has deflation.” The last wholesale data was 0.8% and Crawling Peg was 2%, he recalled.
In that sense, hopeful said that “sooner or later inflation will collapse 1.5%.” “There we could eliminate the Crwaling Peg”, advancement.
Two semanss ago, a new phase began in the Milei’s economic plan, with the implementation of “crawling” peg at 1% monthly, reducing the rise of Official dollar From the previous 2%.
On December 13, 2023, just three days after assuming the presidency, the Central Bank (BCRA) announced the devaluation and the current exchange scheme, establishing a “Crawling Peg” of 2% monthly without a completion date. Since Februarythis regime enters a new stage.
The objective of “Crawling Peg” to 1% is reduce inflation in the coming months. If this trend remains around 1% for two or three consecutive months, Javier Milei plans to eliminate the “crawling peg” and move on to a controlled flotation, that is to say that it will intervene before important jumps in the exchange rate.
When observing the future dollar, it can be seen that the gap between the “crawling peg” and the dollar contracts gradually expands: 0.86% in March, 1.5% in April, 1.98% in May and 2, 6% in June. These differences, although not significant, reflect the relationship with interest rates, which remain above 1% monthly.
Top, the look will be set in the legislative elections, since the market estimates a total flexibility of exchange restrictions after that event.
Javier Milei broke the silence in the $ Libra case and said that those who invested knew the risks
The President Javier Milei He made his first discharge, after the scandal that generated the promotion he made of the cryptocurrency $ Pound, that loudly lost its value in record time and harmed investors. “I did not promote it, I spread it”he said, but acknowledged: “I ate a slap.”
“I have nothing to hide, I didn’t say anything wrong”emphasized at the beginning of his explanation. On the people affected by the collapse of the crypto, he said that “it is false that they are 44,000 people. In the worst case there are 5,000 people. The chances that there are Argentines is remote. They are hyper specialized people in this type of event,” held.
In that line he said that “everyone who entered, knew very well what they were entering. They knew very well what the risk was. It’s not that they don’t know what it was.” The risk, he said, is “Like the one who plays the Russian roulette and the bullet comes out” and stressed that it is “A problem among private, the State does not play any role.”
When reviewing the case, the president said that what he did was “disseminate” a tool to fund digital entrepreneurs. “Once I publish the tweet, characters that said they had hacked the account began. What did I do?
About his relationship with Hayden Mark Davisthe creator of the cryptocurrency $ Pound, He said he met him in a technology event. “There I met a lot of people and the proposal to assemble a structure approached me to finance entrepreneurs, who for a matter of informality or that the capital market does not exist, do not have access to credit. We are very committed to promoting That type of project. The tool seemed interesting to me“He acknowledged.
“If Davis is a scammer? Who is going to define this will be justice. I am not an expert. My specialization is economic growth, with or without money“said the Head of State. He then remarked that he made an order to the Anti -corruption office to investigate whether he incurred a crime.
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.
