An economist from the most read consultants in the country, made a diagnosis on the current exchange situation and revealed the reason why the government does not leave the headache in the short term.
The exact date on which the government of Javier Milei will lift the exchange rate It is still uncertain, although the president repeatedly reiterated his intention to eliminate restrictions to the dollar in 2025.
“It should never have existed and this year it ends once and for all,” said the president recently, without offering concrete details about the exact moment in which the measure will be implemented.
In this context, the Marina Dal Poggetto economist, Director of the Eco Go consultant, analyzed the situation and highlighted what is the key condition that the Government considers fundamental to end the stocks.
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When could the stocks get up and what risk seeks to avoid the government?
In an interview with LN+, economist Marina Dal Poggetto analyzed why the government’s economic program continues to depend on capital controls. As explained, this situation occurs in a scenario where the Increase in productivity did not accompany the increase for those who have dollars.
“Capital controls are part of the current economic scheme. If the objective is to guarantee the continuity of the disinflation process and it is recognized that inflation was induced by the devaluation, with a dollar adjusting to 1% and a recent reduction of retentions, then The plan requires supervising both the official and the financial market, “said Dal Poggetto.
The analyst estimated that the lifting of the stock will occur “After the elections” of October, but stressed that this decision will be conditioned by a crucial variable.
“If the conclusion is that, after October, there will be a change in the exchange regime and capital controls will be eliminated, the big issue will be how expectations are managed,” he warned, pointing out the risk of an increase in the price of the dollar With exchange unification.
“The government is willing to implement a flotation scheme, but with the condition that the flotation is down, Never up, “he concluded.
Source: Ambito
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