According to Zuchovicki, the dismantling of exchange restrictions could paralyze the economy, given the lack of green shoots and government measures in that regard.
The robust reserve accumulation remains an important pillar of the company’s short-term strategy. Luis CaputoMinister of the Economy, driven largely by the existence of the exchange rate.
Eliminating these exchange restrictions, according to the Government itself, would require an additional injection of US$15,000 milliona reality that they keep hidden and why many analysts doubt the promise of the first libertarian Executive to lift it as soon as possible.
Meanwhile, the debate about when to lift the stocks continues in the Government, while the market speculates about the eventual exchange rate unification. In that context, Claudio Zuchovicki, renowned financial expert and very close to the head of state, addressed the situation in an interview for TN.
Zuchovicki highlighted the importance of timing in finances, warning about the dangerous fascination with a single economic tool. He thus recognized that Argentina maintains certain macroeconomic balances adjusting, for example, pensionsbut he questioned whether these solutions are unsustainable in the long term.
Dollar and stocks: the time to lift it
Regarding the lifting of the stocks, Zuchovicki stressed the need to carefully evaluate the right moment to avoid “paralyzing the economy or generating confusion in the population.”. He compared money management to hosting a party, highlighting the importance of providing some initial freedom but withdrawing it in time to avoid excesses.
Claudio Zuchovicki, Executive Director of BYMA.jpg
In this context, he highlighted the need for a political agreement to unblock certain regulations and foster long-term investor confidence. Without a strong legislative framework, Zuchovicki argued, it is difficult to ensure the stability necessary to attract significant investments.
In short, for Zuchovicki, lifting the stocks and attracting investment depends on both politics and economic conditions, and he therefore stressed the importance of a balanced and sustainable approach to ensure long-term growth.
Source: Ambito
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