With this objective, he justified the implementation of the soybean dollar with a preferential exchange rate for the agricultural sector, so that the “State is strengthened by making reserves.” “Reserves cannot be given to us by more than exporters, it is not that we are giving privileged treatment,” he explained.
Along these lines, he considered that “reconstruction of the reserves costs a lot,” while highlighting the country’s 10.3% growth in the last year and anticipated that “this year we are going to grow around 6%.”
Furthermore, he stated that “we are working so that the exchange market is unified” and stated that it is the “objective” for the coming year.
dollar BCRA.jpg
Reserves of the Central Bank.
Asked about a possible foreign currency loan from Brazil to Argentina, he clarified that he did not speak with the president-elect of that country, Luiz Inácio Lula da Silva, because “we have to wait until January 1” to take office.
However, he pointed out that he held talks with the outgoing president, Jair Bolsonaro, and his Economy Minister, Paulo Guedes, about the possible formation of “a single Central Bank” in order to have “some better mechanism for commercial relations with Brazil.” .
“Maybe now with Lula we can do it“, he evaluated.
Praise to Massa
In addition, he valued “enormously the work” of the Minister of Economy, Sergio Massa, for the signing of the Tax Information Exchange agreement signed with the United States, and confided: “When Sergio raised it with me, I told him ‘Try it, I don’t know if We will get it’. And he got it.”
“I am very grateful to the Government of the United States for agreeing to our request,” he said, considering that “in this globalized world, all measures that tend to launder financial operations do the world good.”
Meanwhile, he stressed that “it is very good to know” the assets that Argentines have abroad and clarified that, “not so that they don’t have them, but so that they express the wealth they truly have and pay taxes in that sense.”
He also valued the Fair Prices program promoted by the Ministry of Commerce and denied the possibility of applying “a shock plan” because, he said, this option “always meant devaluation and more loss of income for the weakest sectors.”
He also highlighted “the enormous opportunity in the coming years” for Argentina, which “has an enormous future” due to its “agro-export” capacity.
“Now it turns out that the world needs lithium that is in the north of Argentina. The world needs copper that is in the north of Argentina. And the world needs food that is in the center of Argentina”listed.
And he continued: “You need gas, which is in Patagonia, green hydrogen is in Patagonia.”
Consequently, Fernández proposed establishing “ten State policies that allow the full development of the great north, the full development of Patagonia, and the full growth of the center of the country”, in order to “make Argentina more equal”.
At the same time, he urged Congress to “take out the Agribusiness Law as soon as possible”, observing that “what we export is not food, it is food for animals” and instead “they are food for human beings”.
Source: Ambito

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