He national government He went out to cross the businessman Javier Madanes Quintanilla, who predicted that exchange rate will last “for a long time” and expressed his “worry” due to the gap between the official dollar and the parallels. Madanes had also targeted Marcos Galperín, owner of Free market and ally of officialdom, for the costs of e-commerce.
The owner of Aluar and Fate raised questions about the libertarian administration due to the situation that the Argentine economy is going through and in particular the industrial sector, following the deep drop in activity that was experienced during 2024. In that sense, he warned about the harmful effect that the opening of imports and stated that the tire sector lost 30% of jobs.
The businessman asked the Government of Javier Milei “Be careful with the level of activity because employment has always been important for Argentines” and he was skeptical regarding an eventual elimination of exchange controls: “Here you are going to have stocks, capital control or whatever you want to call it. Argentina It cannot function without capital control. That it is absolutely impossible for a long time“.
Furthermore, he warned about the “discomfort” that generates local entrepreneurs the current exchange gap. “It will be slow, there will be small adjustments and today something was generated that was not foreseen a few months ago: a concern here about what we would call the exchange gap: it is uncomfortable to have a dollar counted with settlement so close to the official exchange rate. It could even happen that foreign currency is settled below the official level,” he said.
Currently, the current gap between the retail dollar and the CCL is 12%, when in the middle of the 2023 presidential elections it exceeded 200%.
The word of Madanes Quintanilla generated a reaction in the ranks of the Government and in the parliamentary ruling party. The Minister of Economy, Luis Caputo, He shared a video of the businessman’s statements on his social network account “X” accompanied by an emoticon with a surprised face. And the presidential spokesman, Manuel Adorni, joined in: “?”
The one who also came out to answer him was José Luis Espert, president of the Budget and Finance Commission of the Chamber of Deputies. “Madanes (Aluar and Fate) say 2 stupid things here. That we have stocks for a long time (when every day the BCRA eliminates a regulation) and that worries the disappearance of the exchange gap (something desirable). Poor thing, he’s bleeding from the wound because his life is running out. protectionist job”, critical.
In another passage of the interview, Madanes Quintanilla He also showed his differences with the owner of Mercado Libre, Marcos Galperín, similar to the Milei government, whom he questioned about the platform’s costs and compared them with the values charged by similar sites in the United States.
“The commission operation in the ecommerce system in Argentina has a cost 5 times more than that of the United States,” criticized the owner of Aluar and Fate.
As the businessman explained, in the North American country the cost of the commission is 2.5% while in our country it is 12%.
Source: Ambito
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