With the end of the stocks, a new exchange scheme governs with the price of the dollar between bands.
The Deputy Minister of Economy, José Luis Dazahe trusted that beyond an initial volatility about the exchange rate, the release of the stocks to the dollar for human people should have no impact on inflation. “We are doing everything possible so that (the rise of the dollar) does not move to prices, “he said.
Under exclusive information, Scope He agreed to the most intimate of the economic team that explained why they are not worried about the departure of the stocks.
Daza based that there will be no inflation because the management of Javier Milei slowed the monetary issuance and also the surplus in the fiscal balance contributes to this process. He also stressed that this policy marks the beginning of an extraordinary stage for the country and that decision will allow a better global integration.
The official insisted with the official line that the modification of the exchange scheme, with the dollar flotation between the $ 1,000 and $ 1,400 bands, does not imply a devaluation. According to Daza, devaluation occurs when it is the government who imposes prices on the market. On the other hand, the flotation occurs when the State does not set a specific price, but establishes bands within which the market determines the value of the currency.
The market today spoke with a first reaction of the dollar in the $ 1,250 line as operated by Banco Nación. It is a devaluation of 14%.
Daza said that the IMF loan serves to make these bands more solid. The value can rise or lower, depending on the behavior of the market.
Source: Ambito
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