2023-08-15 18:42:56
The Government announced a 22% devaluation the day following the elections, but this movement in the foreign exchange market has implications for different sectors of the economy, such as rising prices. To further understand the impact of this measure Channel E spoke with the journalist from Editorial Perfil Ariel Maciel.
The government needsbegin to think regarding what the government’s strategy to contain prices will be like, It is expected that the highest CPI of the year will be released just for the month of October, which for many will be in double digits,” the journalist commented.
Then the interviewee commented that the price control system was useful, but due to current inflation it needs to be updated.
The key role of Guillermo Michel
In this sense, Maciel commented that there was a change in the import system “that now at the hands of the head of Customs, Guillermo Michel“. Is regarding “He is a lawyer and direct adviser to Sergio Massa since he was in Congress“. “He was in charge of controlling the income at Customs and the one who negotiated the fall of practically all the amparo appeals that were once morest the Government to be able to enter imports,” he said.
Along the same lines, the interviewee recalled the importance of Michel’s achievement, given that “more than a year ago Cristina Kirchner publicly fought with Alberto Fernández when he denounced the flood of imports, due to the number of injunctions that allowed imports to enter “.
What will the Government’s strategy be like to prevent the devaluation from going to prices?
Regarding the approval of the Sira, which is the system that allows imports requested by companies and depends on AFIP and Customs, “now with Michel who is going to guarantee in these negotiations the dollars to import those who enter at Fair Prices“and normalize a procedure that was a month behind schedule. “This can be done by confirming the entry of the IMF funds and because with the new devaluation the Central Bank is buying dollars“.
To these negotiations will be added “the Vice Minister of Economy, Gabriel Rubinstein, who through the Secretary for Economic Policy is conducting a study of the evolution of gross business margins and everything indicates that it had strong growth in recent yearsFor this reason, Ariel Maciel explained that through this report will negotiate that the 20% devaluation is not transferred to prices.
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