Dollar live today: the free price rises 60 pesos and is sold at 790 pesos

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 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.
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
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 “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.
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
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)
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)
The facade of the Ministry of Economy (REUTERS / Agustin Marcarian)

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