He Wide Front will summon the Parliament to the Minister of Economy and Finance, Azucena Arbeleche, to explain the government’s position regarding the exchange delay, a situation that worries the productive sector.
The competitiveness comes plummeting in Uruguay and that is why the FA senator, Diego Olivera, He anticipated the summons to members of the MEF to “share their analysis on the evolution of the exchange rate and future prospects,” while clarifying that the objective is not to demand measures against the problem.
Olivera admitted in a conversation with Radio Montecarlo that “these situations of imbalance have occurred in our country throughout its history,” but he considered that the problem with the exchange rate had “a very important duration” in recent years.
On the problem of a low price of dollar, The legislator pointed out that “the risk is that it will have an impact on the national productive apparatus if it were to continue for much longer.”
The exchange delay generated friction between the government and the productive sector
The current value of dollar, which closed today at 38,240 pesos, generated friction between the government and different productive sectors, with the Rural Federation at the head, who came out to demand an exchange rate of 58 pesos, something that was flatly ruled out by the Executive considering that “it is not reasonable”, as stated by the Minister of Livestock, Agriculture and Fisheries, Fernando Mattos.
Even the president Luis Lacalle Pou expressed in a meeting before businessmen that “the dollar is where it should be,” after the questions, which did not come only from the agro. The thing is that the industrialists asked the Central Bank of Uruguay (BCU) to take actions to intervene in the exchange market, by denouncing “the entry of speculative foreign capital”, as stated by the president of the Confederation of Business Chambers, Diego O’Neill.
Source: Ambito
