Fausto Spotorno anticipated that the exchange rate delay will continue despite the exit of the stocks

Fausto Spotorno anticipated that the exchange rate delay will continue despite the exit of the stocks

The former member of Javier Milei’s Council of Advisors stated in a stream that the discussion on the exchange rate, whether it is “cheap or expensive” will end with the exit of the stocks, which he stated is better to do so this year.

The economistFausto Spotornoformer member of President Javier Milei’s Council of Advisors, analyzed the situation of the dollar in 2025 and predicted that the Exchange delay will persist even after the elimination of the stocks.

Spotorno explained in an interview with Now Play that the real exchange rate reflects the value of the peso from another perspective, pointing out that “its valuation depends on expectations, which makes it subjective.” According to the economist, the true perception of whether the peso is expensive or cheap It will only be obtained by freeing the exchange market.

Furthermore, he highlighted the need to urgently eliminate the exchange ratepreferably this year, to be able to accumulate reserves and evaluate the evolution of the exchange rate. However, he anticipated that, even if these measures are taken, The exchange rate delay could continue for a few more years.

dollar face girl

The exchange rate will continue to lag, according to Fausto Spotorno, in 2025.

The exchange rate will continue to lag, according to Fausto Spotorno, in 2025.

What will happen to the dollar in 2025, according to Fausto Spotorno

Fausto Spotorno analyzed the future of the exchange rate in 2025 and pointed out that Argentina will continue to have a certain exchange rate delay, although less severe than in the periods of Macri or Martínez de Hoz. The economist explained that the delay will not be extreme as in other times due to the absence of fiscal deficit. “The State is not absorbing dollars like before, but companies will demand credit”he stated.

Spotorno also highlighted that the entry of dollars from investments will contribute to an appreciation of the exchange rate. According to the economist, “Argentina tends towards an exchange rate appreciation due to the need for capital.”

Regarding the projections, andHe estimated that the dollar could be around $1,300, ruling out that it would reach $1,400.

Source: Ambito

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts