The economist Emanuel Álvarez Agis launched a forceful warning about the future of dollar and the Exit from exchange rate.
“The government has to be willing to assume that the worst still did not happen,” he said, and warned that “The exchange correction can be more expensive” than expected.
Exchange correction and perspectives for 2026
The former Minister of Economy between 2013 and 2015 projected that “in 2026 we will have a second correction to close this stabilization plan and go to an economy without stocks, which can receive external financing.” Álvarez Agis emphasized that the exchange rate should gradually adjust to avoid a stronger impact on prices and real economy.
Agis warned that “another year with dollar au $ s1000 is ‘Game Over'”, although he clarified that “if the International Monetary Fund comes, he probably continues at that level.”
Milei’s strategy and the impact on inflation
For the economist, President Javier Milei “was very genuine to say that I was thinking about the exchange scheme after the stocks”. However, he warned that “if it is devalued, everything is not over” and that Argentina cannot ignore that “all our commercial partners have devalued their currency and the Argentine government or disheveled.”
Álvarez Agis also warned that the departure of the stocks “will not be painless” and that inflation inevitably “will rise.” Despite this, he said that if Milei wins the October elections, “I should use political capital to try to leave the stocks and banks it,” since “in the first three months after a exchange unification, no one can tell you if it is right or wrong.”
The exchange delay and the risks of unification
The specialist, in an interview with now Play, said “Repea the dollar was wrong and that is the sin that drags the government for exchange unification”. However, he acknowledged that “the chances that it goes well are not zero,” although the challenge will be great.
With an economy in full transformation and volatile expectations, the market closely follows the next steps of the government and the impact that the dollar correction in the inflation and purchasing power of Argentines will have.
Source: Ambito
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