For the economist, the stability of the dollar will depend on the evolution of the current account of the balance of payments and warned that the Government will face key challenges to avoid a shooting of the exchange rate.
The economist Fausto Spotorno, President of the President Javier Milei, He warned that the stability of the dollar will depend on the evolution of the current account of the balance of payments and warned that The Government will face key challenges to avoid a dump of the exchange rate.
“The 2025 macro key is the current account of the balance of payments. What until now was holding the low exchange gap, or the entrance of currencies, was the money laundering and the liquidation of dollars. The blue dollar was stabilized, but that is not because they are entering outside capitals,” said Spotorno.
However, the economist pointed out that this situation could change soon due to the financial commitments facing the country. “Sooner or later you have to face that there are maturities payable, so you will have to ask for a debt exchange and close an agreement with the International Monetary Fund (IMF),” he warned.
Spotorno stressed that the stability of the dollar in recent months does not necessarily mean that the economy is balanced. “The current account, the balance of payments that allowed this stability of the exchange rate and exchange rate, I do not know if they will be able to keep it forward,” he said.
Fausto Spotorno.jpg
The limitations of the government and the future of the stocks
According to the economist, the margin of action of the government is limited, since if it maintains a fixed exchange rate, it must compensate it with the search for currencies by other roads. “If the exchange rate is being set, you have to go looking for dollars on the other hand,” he explained.
In this sense, Spotorno indicated that the government is betting on a new agreement with the IMF to guarantee a greater availability of dollars and facilitate the exit of the exchange rate. “The Government is looking for a final flow of dollars, which can be the IMF, that is enough to release the exchange rate and get out more softly from the stocks,” he said.
He also predicted that the elimination of the stock could be postponed until after the October presidential elections, in an attempt to avoid exchange volatility in a critical period for the economy and politics.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
