Dollar: finance guru did not rule out that the blue reaches $400 in the short term

In the long term, Di Stéfano assured that a second semester is coming with few reserves: “We do not see high reserves on the horizon, the producers are not going to liquidate, the perspective of the wheat harvest dropped to 17.7 million tons, and that money would enter from December onwards. The reserves by the end of the year could be between US$35,000 and US$37,000 million. Monetary liabilities at this rate could be around $14 billion by the end of the year and $15 billion, this would leave us with an equilibrium price of the dollar of around $400”.

Regarding inflation, he added: “Well, if in July inflation would be around 71.9%, and for the following 5 months we have a monthly inflation of 5.5%, at the end of the year inflation would be 92.2%. If the Central Bank continues to inject money into the economy, and the reserves do not react, the alternative dollars could be around $400.”

“It was crazy to think that the value of $200 would be easily passed, as it happened. Between $200 and $300 there is a difference of 50%, therefore, the gap between both values ​​was important. From here on, the gap between $ 300 and $400 is 33.3%, inflation for the first half of 2022 was 36.2%.As you can see, we can quickly reach and spend $400. Something else, by 2023 we can spend $500 , since the difference between $400 and $500 is 25%, and since inflation is coming, it seems to me that in the year 2023 we will have an inflation of over 25%”, asserted the economist.

“People get scared by the number, but when it grows, the difference between the round numbers gets shorter, maybe it could be close to $600, but we leave it there because then they get angry and spiteful“, he concluded.