2024-07-13 16:10:54
President Javier Milley from the U.S. downplays The rise of the dollar blue $1.500 He also said that the day to withdraw from individual stocks is getting closer. He also discussed his relationship with the International Monetary Fund (IMF) and whether he expected the rise in the blue dollar to have an impact on prices.
“If I take the dollars that (former Economy Minister) Silvina Batakis held before (Sergio) Massa came into office, it would be $3,000 today. So first of all, don’t Panic, zero panic,” the president was blunt when talking regarding the rise in the blue dollar, which yesterday climbed to 1,500 pesos, setting a new record.
“It’s an anomaly because the dollar is rising and we are buying the dollar,” Mire explained. In that sense, he explained, “in general, it’s the opposite,” which is why he announced that they would undertake a “new upgrade of monetary policy.”
At this point, he recalled that the first phase of the economic plan was for zero deficit. “June ends and we have a financial surplus. In fact, we are accumulating so much cash that we have 17 billion pesos in the central bank’s current account,” he said in a conversation with LN+.
“We have guaranteed interest payments for July and our financial situation is very comfortable. The next phase is zero emissions,” the US president said while accompanying Economy Secretary Louis Caputo on his trip.
President @JMilei At this moment it is announced that the last tap on currency issuance has been closed.
From now on, the quantity of money remains the same or decreases (if the central bank sells dollars in Mulc).
That is, if BCRA buys USD in Mulc, the question…— Toto Caputo (@LuisCaputoAR) July 13, 2024
this saturday will speak at the meeting Sun Valley Almanac, sponsored by Investment Bank Allen & Company.
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