Economy launches measures to have more control over financial dollars

Pressed by the

the Government will launch tomorrow a combo of measures to

in the hands of the public sector and contain the escalation of the dollar.

The Ministry of Economy will publish a decree this Wednesday that

to dispose of their holdings of dollar-denominated bonds, both those with foreign legislation (global) and with local legislation (AL).

Today it is estimated that

government agencies with a stock of dollar-denominated bonds for a face value of US$35 billion.

In the ranking, the

stand out .

The idea is that the public sector exchanges its GD bonds with the Treasury in exchange for instruments in pesos and, on the other hand, sells the AL, which companies use to acquire CCL.

In this way, Sergio Massa's team aspires to place a part of the ALs on the market to "generate depth", so that the Economy, in coordination with the Central Bank, concentrates the management of the rest of the ALs that were not placed on the market and , finally, withdraw from the market GD bonds for a total value of US$ 4,000 million.

"In this way, Mecon will have the capacity to act in the financial dollar market without affecting reserves," they said.

Developing