Unify the exchange rate and tax relief: after the STEP, the Liaison Table insisted on its claims
The members of the Liaison Table, in addition, asked for freedom in commerce. Concern about the effects of the devaluation.
It would be better to cure the sick
Of course, when dollarizing, inflation is lowered quickly, but a much weaker economy will remain
The country would lose its lender of last resort because the Central Bank could not issue money (REUTERS/Enrique Marcarian)
The free dollar, at 730 pesos
The “blue” dollar rises 111% in 2023.
An MIT economist warned that announcing future dollarization generates more inflation and devaluation
The Argentine expert Iván Werning published a paper on the effects of this idea in the context of the debate raised by Javier Milei
An Argentine economist from MIT warned that announcing future dollarization will generate more inflation and devaluation
Why the free dollar falls
The “blue” dollar was close to 800 pesos at the end of the week.
The storm put more obstacles to the free dollar than official controls and complicated operations
Yesterday, Buenos Aires was impassable and that was a key piece of information for the free exchange market, which is traded person to person and with money in hand.
Even the little trees were absent from the streets. EFE/Rayner Peña R.
Reserves went up
Dollarization is indispensable: historical lessons and vision for Argentina
Everything indicates that the next government will receive a country with a palpable economic collapse, a devastated Central Bank, negative net reserves, and remunerated debt that will exceed 3 times the amount of pesos in circulation.
Devaluation is not the way to gain competitiveness, true competitiveness is gained thanks to investments in technology and infrastructure to lower costs, reducing country risk, and freeing companies from paying the bill of a wasteful State
It could be seriously questionable in court
The bimonetarity of the Argentine economy has been the endogenous response of the system to make up for the absence of a stable currency of its own
It is natural to think, as an evolution of bimonetarity, in lifting the legal restrictions to use the dollar as a means of payment and account (give it legal tender) in such a way that it competes on an equal footing (legal) with the peso (Reuters)
The economic bomb and the sin of waiting for what has already happened
Accepting our failures and understanding our mistakes is the only way to turn the economic, social and cultural page.
The facade of the Ministry of Economy (REUTERS / Agustin Marcarian)