For Milei’s ex -analysis, “the doubt that the government is showing is about the exchange regime.” He said that “the only way out is to explain what the exchange scheme that Argentina will have in the future will be.”
The economist Fausto Spotorno He analyzed the situation of the exchange market and anticipated that “weeks of uncertainty” are coming due to the lack of definitions about the exchange scheme implemented by the government.
In a dialogue with Radio La Red, the ex -asian of President Javier Milei said that the official dollar is the one that presents “the biggest problem” in this context. “The market began to evaluate the possibility that there are changes in the exchange rate”he explained, referring to the lack of a clear road map by the Executive.
According to Spotorno, “The doubt that the Government is showing is about the exchange rate regime” and said that “the only exit is to explain what will be the exchange scheme that Argentina will have in the future.”
The key: the agreement with the IMF
Another factors that add pressure to the market is the impossibility of the government to reveal details of the agreement with the IMF until the Board of the agency approves it. “This means that it cannot be explained what the exchange regime will be later,” explained the economist.
In this scenario, Spotorno projected that the market will face “two or three weeks of uncertainty.” However, he stressed that “the free exchange rate is not having volatility”, although he insisted that “the problem remains the official exchange rate, which is late and should be unified.”
Source: Ambito
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