“If June inflation would be 5.3%, annualized inflation would be 64% per year, for the same period the wholesale dollar that governs the behavior of exports and imports rose 30.8% in one year, this implies that we have an inflation in dollars of 33.2% per year. Foreign exchange delay to the stick, “he added.
“The price of alternative dollars arises from the free concurrence of supply and demand in the market. The references are taken looking at the scarce reserves that Argentina has, which looking at the medium term do not exceed US$ 35,000 million discounting payments to the IMF and interest on the debt in dollars, while the monetary liabilities of the Central Bank in the medium term would be around $14,000,000 million. Reference dollar for the end of the year of $ 400, almost that the forecast of the National Deputy Roberto García Morirán would be fulfilledDi Stéfano anticipated.
For the economist, the fall in international prices will have an impact on tax collection and “will leave us with a higher fiscal deficit as a balance.” “With the lack of financing in pesos and dollars, the only financing will come from the bill machine,” he said.
“Fewer reserves, more monetary liabilities in pesos will leave us with an increasingly higher alternative exchange rate as a result.. Moritán’s prediction looks bigger and bigger in the rearview mirror, hopefully the Minister of Economy Silvina Batakis has the wisdom to abort the possibility of having a difficult growing fiscal and achieves genuine financing for the Treasury, if this does not happen the dollar of $400 is right around the corner.”
Source: Ambito
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