2023-08-31 01:43:01
The economic context that is going through Argentina it is very delicate to the point that the blue dollar is in constant movement, a detrimental phenomenon. However, in the national government they maintain secrecy and prefer not to talk regarding the subject even if Gabriel Rubinsteinvice minister of Sergio Massa in it Ministry of Economyrecognized that the panorama is complex.
The official admitted that “reality has too many twists and turns and frustrations and now we are in a really difficult time«. Following this, he highlighted that in the last twelve months there have been three moments of shock. First, the debt crisis in pesos, the drought “that split the path of gradualist politics in two” and the electoral shock on Monday, August 14, following the victory of Javier Milei.
«On Monday (for 8/14) we woke up with the blue skyrocketed by 20%, the bonds falling and this forced us to anticipate a devaluation agreed with the Fund. Things did not work out, “admitted Sergio Massa’s partner at the Ministry of Economy, who assured that this situation led them to”advance a devaluation that was already agreed with the Fundaccording to NA.
On the other hand, Gabriel Rubinstein maintained that the government of Néstor Kirchner had an “economy with an orderly macro” and regretted that “there was no need to break it, but the point is that, for different reasons, those Argentine pretenses and anxieties more Besides other things, there were attempts to do great things and we ended up pretty bad, right?
On the other hand, he acknowledged that he would like “the exchange rate like the big computer. Logically, the challenge remains exchange unification and release of the stocks. It is an issue that I think should be do it as quickly as possible» but that in this context it is not a viable alternative because the US currency might skyrocket quickly.
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