For the respected economist, the government is very fragile, it does not have enough dollars even to face a bank and at any moment the dollar can skyrocket.
The Government continues to kick the can down the road exchange rate trapwhich is already causing hives in the market, as there are more doubts than certainties about when it will be They will lift the exchange restrictions. In this context, Gabriel Rubinstein, who was part of Sergio Massa’s economic team during the government of Alberto Fernández, warned of a possible surge in the dollar as a result.
“Fiscal adjustment was necessary, and Milei addressed it with determination,” said Gabriel Rubinstein in an interview with Futurock, something he had already praised during his first appearance in the polls since the government changed.
Rubinstein continued: “The government is very fragile, it does not even have enough dollars to face a bank. Anyone can make statements that make the Government uncomfortable: Cristina, Massa, Macri… Are you going to be constantly complaining?
This interview took place after Milei criticized the opposition for the exchange rate instability of recent weeks, which intensified after Luis Caputo’s announcement on the transfer of remunerated liabilities from the Central Bank to the Treasury.
The future of the dollar, according to Rubinstein
Rubinstein, a respected economic voice in the city, was critical of the current management and He warned of the complications that would arise if restrictions on the purchase and transfer of foreign currency abroad were lifted.for both individuals and companies.
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“If you unify, the dollar will go to $2000. We could face a hyperinflationary outbreak even with fiscal balance,” warned Rubinstein, pointing out the probable reaction of the market to a release of the exchange rate to enter a free float. He added: “Argentina must be prepared for a new currency run when the currency controls are lifted“The government needs to get $10 billion from its allies around the world to get it up and running.”
Source: Ambito
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