2023-04-19 18:45:00
Los market analysts they began to set off the alarms regarding the effect “survey-milei” and his proposal for dollarization of the economy that begins to gain strength according to the presidential candidate It is positioned better in the different polls.
In the market there is a buzz that ensures that financial institutions are requesting the Banco Central of the Argentine Republic onsending more dollars in bills“, with the purpose of meet your cash needs in US currencywhile from the Central they seek to calm down.
Dollarization divides Argentina: exit or entrance to the economic labyrinth?
Economic operators warn that the phenomenon consists of while Javier Milei climbs points in the pollsnatural persons they are withdrawing their deposits in dollars. “For each point that rises, the outflow of dollars from the banks is enhanced,” a source who asked not to be identified told PERFIL.
However, sources consulted by this means indicated: “Today the banks requested US$ 32 million, it is not an extraordinary sumquite the opposite, quite calm”, in an attempt to bring peace of mind.
Milei’s phenomenon?
“Banks, by operational terms, they can’t have all the dollar amount they want because that has a cost. Depending on a certain demand, they will start asking for tickets. Today, private sector deposits are stable, there is a small drop due to the withdrawal of some dollar depositsbut there is not such a significant decline as in times of crisis as was the time of (Mauricio) Macri”, he explained to PROFILE, Maximilian Ramirezformer Undersecretary of Macroeconomic Programming.
“Today what isIt’s a fairly significant noise with the fact that there are people who are going to the banks to ask for dollars and that the banks tell you they don’t have. This is a purely operational matter. there are dollars, there is liquidity in dollarssince banks can only make loans in dollars to those who have income in dollars,” added Ramírez.
“Today you don’t have a currency mismatch, that’s not even close. Today I believe that the issue of Milei, a possible presidential candidate, throws away the idea of dollarization, would imply that all the BCRA reserves that contain the bank reserves in dollars of individuals, that what it does is that: ante una emotional memoto the people, look to get your dollars out before some kind of event happens of this style,” said the former official.
Ramírez emphasized that when reviewing the data from the Central Bank, “today it is almost the same as how the year started”, regarding US currency deposits.
The prediction of Álvarez Agis
The upheaval in the market finds its roots in the words of the economist and former official, Emmanuel Alvarez Agiswho assured that, before a possible government of Milei, he would not have the money in the bankstatements that, for the popular imagination They are related to the playpen.
Álvarez Agis issued a harsh warning regarding Javier Milei’s plan: “I would not have the money in a bank”
Álvarez Agis said during an interview that if the leader of La Libertad Avanza positions himself with a serious chance of governing from December, he would not have the money in a bank. “I don’t want to call misfortune, but if someone says that his economic program is to set fire to the Central Bank, which is the entity that regulates the banks, I would not have the money in a bank”, pointed out the director of the consulting firm PxQ in dialogue with Romina Manguel in Public Opinion (The Nine).
“If I say: if I win, the next day I’m going to kill Jairo [Straccia, uno de los periodistas que lo entrevistaba]when I measure 24 points you are going to start packing; and when election sunday rolls around and you realize i can win, you’ll be gone”, exemplified Agis, as is happening today according to the information that transcends.
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