The race between the dollar and devaluation is already defined. President Javier Milei insists that he is comfortable with this type of change, while exporters are beginning to feel the loss of competitiveness.
Milei anticipated that he will not devalue because he believes that the exchange rate is appropriate. The backward dollar provides comfort to the rulers, but history shows that this state is temporary and the shortage of foreign currency quickly reappears. The bet is rounded off with Argentines, at some point, using the "mattress" dollars, not only to make ends meet, but also to bet on some investment.