What to do with dollars? The Council of Economist Juan Carlos de Pablo

Pablo’s message: use the “White” dollars

Pablo was blunt: “White dollars must be used. If you have a good idea, spend, to make a trip, for investments, for whatever. ”According to the economist, this is a right time for Injecting own dollars In the real economy, especially in a context in which the government Does not penalize or track The origin of these funds if they were legally obtained.

“If you are an entrepreneur, you have a business opportunity and you have dollars, mandate, that’s it,” he added.

The new Caputo Plan: Reconetize without issuing pesos

Pablo’s support is in the middle of the new plan of the Minister of Economy, Luis Caputowhat are you looking for “Reconetize”The economy without issuing more pesos. The official project has as its central axis to promote the use of dollars that Argentines have saved outside the formal financial system.

“We want people to use their dollars without fear of being pursued”Said Caputo this Monday in The streaming houseand remarked that the fear of being investigated by the AFIP or the FIU leads many to “Incanute” His currencies, which ends up being counterproductive to the economy.

“Today there is More dollars than pesos on the streetand that does not serve anyone if they do not circulate, ”insisted the minister. In his vision, an economy that seeks to grow at 6% annual cannot be sustained with such a low level of money in circulationhence the urgency of implementing this re -delighted scheme without emission.

Exchange rate and expectations

From Paul also referred to the current exchange rate and his dynamic. “We are in a system of exchange flotationand while the dollar oscillates between the $ 1,000 and $ 1,400the Central Bank You are not going to get”, He explained in dialogue with El Observador.

That is, there would be no interventions if the price of the currency remains within that range, which gives a certain margin of predictability to the market.

A commitment to trust

The government measure aims to recover the Saver Trust and activate a mass of dollars that, according to private estimates, exceeds US $200,000 million. The key is in Generate conditions of free use that do not awaken fear or tax suspicions.

With the blessing of economists like Paul, the ruling party expects this scheme to contribute to hold economic recovery Without resorting to the broadcast, one of the pillars of the current economic program.