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Claudio Lozano proposed creating a currency 'that cannot be exchanged for a dollar'

2021-09-15T10:02:29.807Z


The director of Banco Nación thinks about it to finance social policy and regain consumption capacity. '


09/15/2021 4:37 AM

  • Clarín.com

  • Economy

Updated 09/15/2021 5:30 AM

To recover the economy, one of the variables that influenced the negative result of the Frente de Todos in Las Paso, Claudio Lozano, director of Banco Nación, suggested this Tuesday the

creation of "a currency that is

not convertible to foreign currency."

"Why don't we rehearse the discussion of a non-convertible currency to hard currency, to

finance social policy and the recovery

of the population's consumption capacity," said the leader of the Popular Unity party, which is part of the governing coalition .

In an interview he gave to C5N, he explained that, according to his idea, it would be "a currency that has all the functions, except

that it cannot be exchanged for a dollar

."

"If you combine this with better exchange regulations and a different discussion of the price system, we can have a different discussion of economic recovery," he argued.

Previously, in that sense, Lozano stated that it is vital "to discuss the issue of exchange regulations more seriously."

“It cannot just be a financial alchemy of buying and selling bonds, where I also spend reserves.

It would also be necessary to think about

new strategies

”, he expressed.

"We would have to think of new strategies," said the economist and political leader.

Capture TV

In addition, he specified that "the impact on the exchange rate is not generated by those who receive the Emergency Family Income."

"In any case, the expansion of consumption that this can generate may imply an absorption of concentrated groups that speculate with the exchange rate," he explained.


Price shapers and the crisis

Lozano also stated that the economy could not finish reviving due to "the

government's failure

to stop the price makers."

As he pointed out, this deficit "changed the sign of the reactivation and did not allow to lessen the impact produced by the pandemic in terms of the escalation of poverty to 47 percent."

"Economic activity was rebuilt with respect to the well, but with activity levels even higher than the pre-pandemic,

poverty remains more or less at the same level,

" he said.

And he added: “We must

modify the control of the price system

.

You have to think about social control, not just the state.

All the actors must be seated and there how to cut the abuses of a dominant position.

That is a central debate ”.


How to reverse the result


On the other hand, Lozano showed a critical look towards the Frente de Todos, despite stating that "it has a very important wealth in terms of social actors."

He assured that "it did not exist" and slipped that "it was an electoral agreement that, once the agreement was closed, did not work anymore."

“There is no permeability to perceive that what voted for you is telling you what is happening.

The task is to

democratize the management

and open the door to that social alliance, different from the power bloc, which wants to do something else ”, he stressed.

Lozano said that it is necessary to "democratize the management."

Photo Mario Quintero

Finally, he specified the objective for the future: “There is time to show that you want to walk in another direction.

It doesn't matter if it is lost in November.

The important thing is 2023

”.

“There is a combination of disappointment, disappointment, apathy, anger: a cocktail where these feelings are mixed.

It is something that we register on some tours.

So that we can recover space,

a signal is needed that this was heard

, and therefore that there is a substantive change in the direction of the management ”, he concluded.

DB

Look also

The result of the PASO 2021: a lesson that makes the Government tremble

The operational clamor of La Cámpora and the governors of the PJ

Source: clarin

All business articles on 2021-09-15

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