10/23/2020 10:17 AM
Clarín.com
Economy
Updated 10/23/2020 10:29
Despite the fact that the parallel dollar and the financial ones seem to have no ceiling, and the continued failure of official measures, the Minister of Economy, Martín Guzmán, once again assured that the government will not devalue and that it will maintain "the exchange policy" of the type of official change.
"No," was the minister's emphatic response when asked on radio
Con Vos
about whether they were going to devalue.
"
We are going to continue with the rate of depreciation of the peso, going hand in hand with inflation
, in a process that seeks, gradually, and reducing inflation," he said.
In any case, the minister admitted that "
the expectations of devaluation indirectly affect the economy
" and that, therefore, they aim to "stabilize the gap and then lower it."
"We have a situation of a very high exchange rate gap, but there is also a circumstance in which we have a trade surplus, there is no payment of external debt and, despite what is said, there are 41 billion dollars in reserve of the which deposits will be around 12 billion. And there are capital controls ", explained Guzmán.
"
The gap generates devaluation expectations
that are not consistent with the circumstances we face on the external front. This combination allows us to continue with the exchange policy for the official exchange rate, which is the one that matters for prices and the macroeconomy," he insisted .
Beyond the analysis of the economic situation, Guzmán was consulted on whether, as Clarín anticipated, Alberto Fernández gave him a deadline to stop the rise in the dollar.
And the minister did not confirm or rule it out.
"I am not going to get into speculation. The President marks the line, we work in a way that is totally aimed at stabilizing the economy. And we work under his leadership. What do you mean by deadlines? Day by day we work on the path of stabilizing the economy. and put him on the road to recovery, "he said.
According to the head of the Treasury portfolio, "today there is this peculiar situation in which there is a financial front with the characteristics that shows very strong instability, but at the same time, the real economy shows signs of recovery."
News in development.
JPE
