Córdoba Stock Exchange: “We must open up the economic variables”

2023-12-12 18:47:46

While waiting for the economic announcements that will be made at 5 p.m., this Tuesday there is another virtual exchange holiday to stop dollar operations by the Central Bank of the Argentine Republic (BCRA).

In this context, the team Channel E communicated with Manuel Tagle, president of the Córdoba Stock Exchange, who spoke about the first economic announcements of the new management.

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“There is a calm that is influenced by the triumph of Javier Milei“We expect announcements in line with the president’s ideology,” said Tagle, who then completed: “I think the announcements are going to involve the tax cut.”

“Announcing the zero deficit for the first year is very important, the rest will be linked to stimuli for exports,” the interviewee shot. “We must generate trust and settle the issue of leliqs to lift the exchange rate”he added.

Along the same lines, the expert said that it is likely that there will be a provisional exchange rate split. “Public finances must be organized to correct the imbalance that the other government delivered”he explained.

In addition, The president of the Córdoba Stock Exchange said that an exchange rate closer to $750 is expected. “There may be new drag before the progressive liberalization of the exchange rate.”

Finally, Tagle said that it is important to achieve exchange rate unification as quickly as possible. “We must go to an honesty of the economic variables”he concluded.

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