For years, the dollar was the favorite refuge of the Argentines to protect their money from inflation and economic instability. However, 2025 started with a very different panorama: a low inflation, a controlled exchange rate and a fiscal surplus that reinforces macroeconomic stability.
In this context, Financial Analyst Salvador Di Stefanonicknamed the “Blue dollar guru”, argues that bet on the dollar ceased to be the best option And recommend Other investments in pesos to maximize savings profitability.
“There is no possibility that the dollar rises”
The economist argued that the control of the fiscal deficit and the controlled devaluation scheme implemented by the government of Javier Milei They remove strength at a possible increase of the dollar in the short term.
“In Argentina, I have a fiscal surplus and I enter more than I spend. If there are many pesos in the economy, the dollar rises. If there are few pesos, the dollar has no fuel to rise. So, we go to Massa’s time. Did Massa issued and the dollar went up? Yes. Milei emits and the dollar goes up? No, ”said Di Stefano in an interview with Radio El Observador.
The specialist explained that The Crawling PEG of 1% monthly established by the Central Bank and inflation that slows make the American currency lose attractive as an investment instrument.
“As the rates and inflation lower, the dollar is going to iron more and more,” he added.
What recommends the “Blue dollar guru” to beat inflation
Although the Central Bank reduced the annual nominal interest rate, DI Stefano insists that The instruments in pesos remain an interesting alternative For savers.
Among the options highlighted are Traditional fixed deadlines and LECAPwhich, according to the analyst, can offer a higher performance than the dollar In the current economic context.
“Today it is more convenient to make a fixed deadline than buying dollars. If you don’t want Exchange stability could reduce the purchasing power in dollars of those who choose to maintain their capital in that currency.
A change of mentality in investors
Di Stefano’s words arrive at a key moment for markets. With inflation that follows its descending trend and a government focused on maintaining fiscal balance, The economic panorama is far from that of previous yearswhen uncertainty promoted the demand for dollars.
The analyst also left a message for entrepreneurs and entrepreneurs, urging them to adapt to the new economic reality.
“You have to start lowering costs, life became work and sacrifice. We are all going to win a little less, ”he said.
In this sense, he insisted that Stability benefits the lower income sectors than to the big capitalsand that the key to business will be adjust to the new market dynamics.
“Now there will be stability. And you know who benefits in stability? The poorest, not the richest,” he concluded.
The end of the dollar fever?
The blue dollar, which knew how to be the undisputed protagonist of the Argentine economy in recent years, seems to have lost its appeal as a refuge of value. With a stable exchange rate and a central bank focused on maintaining the monetary order, The profitability of betting on the American currency could be less than expected.
Di Stefano’s words reinforce the idea that, At least in the short term, instruments in pesos can offer better investment opportunities. However, the Argentine economic scenario is always subject to changes, and any modification in the government’s economic policy or in the international context could alter this trend.
For now, the Guru message is clear: The dollar is no longer the only option and savers should pay attention to new strategies to protect their capital.
Source: Ambito
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