The government sought to subtract importance to the shooting of the dollarwhich reached record levels this Thursday, but at the same time launched conspiracy theories and distributed faults. Among those who were signed by the president Javier Milei and his economic team, with the minister Luis Caputo At the head, there are national banks, the “Kuka risk”, and even the vice president Victoria Villarruel.
It does not stop drawing attention that last night, with the already closed market and the money tables still hot for the volatile financial day, both the president and Caputo and the head of the BCRA, Santiago Bausili, They will be displayed in different friends to try to show calm before the shake that gave the price of the green ticket.
Strictly speaking, the “conversation” of more than 3 hours that Milei starred with the driver (candidate for governor of Santa Fe for Freedom advances?) Alejandro FantinoI was scheduled beforehand. What was not planned is that Caputo and Bausili were from the fucking study, the official streaming of “Gordo Dan”to Neura To support the Head of State. They joked and even denied a fake that claimed that they had grabbed trumpered.
In his media passage, the president and his locks pointed against the national banks for the dollar shooting. Although they did not explicitly say it, they were placed as responsible for a “Speculative attack” Against the Government. They were taken care of at all times of talking about “run”, even in the face of Fantino’s claims. “Not Panda El Cúnico,” said the Chapulín Colorado.
Caputo, after subtracting importance from the increase of the dollar stating that it was only appreciated 6% since Milei governs, said that “the Central Bank has the tools to regulate the demand for money and that the dollar rise in the prices of the goods is not reflected. ”
And when defending the exchange scheme he said that, in the last 35 days, the treasure bought US $ 1,500 million, at a rate of about 70 to 75 million per day. “It’s a lot of offer that we get the market. We have bought 26,000 million in 18 months”said the head of Economics. Finally, a confession: the one that put pressure in the market was the government itself buying currencies.
Without wanting perhaps, Bausili completed the idea that national banks are not behind the dollar’s rise. “It is a theme of international banks that have a capital cost associated with the exhibition they have in each country. And that capital cost is measured according to the photo exposure to the last day of the month. Then, they have an incentive to leave the last day of the month and return the next day to repurchase it because they no longer find the same cost. It is something that is seen every month”explained the head of the BCRA.
He added: “This movement was smaller 2 years ago and for someone who does not follow the reserves, it went unnoticed. Today with the banks and the economy growing, with the deposits growing, the volume is larger, also on a larger reserves basis, so the movements are not relevant.”
Caputo and Bausili ended up throwing by land, with arguments, their own accusations and those of Milei against the national banks, whom last year they had blamed for a similar rise and those who call- not only the current management but also all the previous governments- every time they need a hand for the Financial Front.
The other causes to which the libertarian government attributes the dollar shooting is to the “kuka risk”, that is, to the possibility of a triumph of Peronism/Kirchnerism in the next elections, and even pointed Milei to its vice for enabling “the illegal session” in which the opposition approved a rise in retirement and benefits for disabilities, which have a destination of presidential veto.
Economists recognize that a certain seasoning about electoral uncertainty is part of exchange volatility. But no one but the government shakes the ghost of a run caused by agents of the financial world for spurious purposes or away from the mere fact of making money. On the other hand, they point to the weakness of the reserves, the little liquidation of the agriculture finished the harvest and the waiting for the decrease in retentions, and external volatility.
Source: Ambito
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