The economist, head of the consulting firm OJF y Asociados, assured that the currency should be around $1,600. And he joked about President Milei’s recurring expressions.
The economist Orlando Ferreres, assured that “from a cost point of view” The dollar should be close to $1600, with which he agreed with the former Minister of Economy Sunday Cavallowho recently suggested that the exchange rate needed a 20% correction and earned a harsh response from Javier Milei. The consultant took the opportunity to joke: “I must be an econochanta or a baboon.”
“It’s actually late“said Ferreres in dialogue with Juan Amorin in the program Minute One. “We calculate the parity theoreticalwhich should be followed from the point of view of national costs and not from the financial point of view, that the dollar It should be 1607 pesos for this month, which, from my point of view, would be a econochanta or a baboon.”
Ferreres joked in this way, referring to the verbosity of President Javier Milei, who usually accuses those who think differently from his ideas with these epithets. Specifically, Milei strongly criticized Cavallo (whom he considers one of the best economy ministers of history) for having noticed the exchange delay.
“Today we have,” Ferreres continued, “an exchange rate that reflects financial conditions because of money laundering and people who put dollars in the BCRA although they later withdrew them in part, and also because there are surplus of the agricultural and mining energy sectors “which allows you to buy dollars, but that is from a financial point of view,” said the economist, who is the owner of the consulting firm. OJF and Associates. However, he insisted, “From a cost point of view, the people who he goes to Brazil “It shows that the dollar is at a level that does not correspond.”
Asked about the ppossibility that the government has to lift the stocks As the president predicted, Ferreres was more than cautious: “Lifting the stocks has a risk and on top of that reserves continue to pay debt and import debt or company debts, which makes reserves do not increase Even though the bank buys quantities, the situation is financially complicated and that is why the stocks are not removed.”
Javier Milei questioned Domingo Cavallo and insisted that the dollar is not behind
Days ago, the president Javier Milei responded to criticism of former Minister of EconomyDomingo Cavallo, on the appreciation of the peso in reference to the dollar. “I think Cavallo’s statement is shameful.. I am surprised, in a bad way, by your judgment, so light and so poorly founded technically, to make a shot of these characteristics,” the libertarian leader strongly questioned.
In this sense, the president assured that “the exchange rate is not behind” and assured that “to know the real equilibrium exchange rate it would have to be God.” If we had a problem, the parallel (dollar) would be a mess“, he stated.
After Cavallo’s criticism, the President did not remain silent and harshly criticized the former Minister of Economy in charge of carrying out the convertibility plan. In reference to a “exchange delay” of the peso with respect to the dollar, Milei assured that, from his perspective, the exchange rate “it’s not late.” ““The stupidity that Cavallo said is irritating and insulting,” he shot.
“When he was Minister of Economy and They talked to him about the exchange rate and he went crazy and became quite violent.that happened during convertibility. But remember what he did in ’94 and ’95, the tequila effect, how he wore it and the things he said,” the current president accused Cavallo, whom, before assuming the presidency, he described as “the best economist in the world.” Argentine history”.
Source: Ambito
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