Jorge Remes Lenicov rejected the dollarization that Javier Milei proposes as a solution to overcome the economic crisis that Argentina is going through
By iProfessional
25/04/2023 – 07,59hs
“Dollarization is not suitable for Argentina,” warned Jorge Remes Lenicov, the Minister of Economy that Eduardo Duhalde chose to, precisely, deactivate the convertibility bomb that had begun during the Carlos Menem government and that had been strengthened after the outbreak of 2001 and the resignation of the then president, Fernando de la Rúa.
Author of the book “115 days to disarm the bomb”, referring to the process he had to carry out to achieve “de-dollarization”, He rejected the dollarization that Javier Milei proposes as a solution to overcome the economic crisis that Argentina is going through.
Remes Lenicov: “Dollarization is not adequate for Argentina”
“(Dollarization) is not suitable for the country. When one is faced with a complex situation, one has to propose a program that is naturally complex. If not, we would be thinking of magic, voluntarism or miracle. It is not possible that with a measure such as dollarization the real situation of the Argentine economy or the fiscal deficit is going to be resolved,” he said.
In this sense, he explained that “When one dollarizes, the monetary and exchange instrument is lost,” and “a country that is developing needs all the instruments available to deal with the situation.”
Remes Lenicov: “Dollarization is not adequate for Argentina”
Meanwhile, he compared the 2001 crisis with the current one: “Crises are like people: on the surface we are all the same, but in reality we are all different.”
“That (the 2001 crisis) had its problems and this one has other problems. The most complicated thing I see is the political situation. For the economy you always have a way out, as long as you have the support of politics,” he completed.
Likewise, he insisted on internal politics and the crack: “In 2002 we were able to leave based on Duhalde’s agreement with Alfonsín, that is to say, of what the Peronism of that time was, which is not this, and the radicalism of that time, which is not this either”.
“What is happening now has to do with internal differences and that power was diluted. Thinking towards the end of the year, the best thing would be for there to be an agreement, but it is true that the current rift is not what it was in 2001, when There were obvious differences between a radical and a Peronist, but you could talk and agree,” explained Remes Lenicov.
Finally, he noted that “nobody knows what can happen between now and the end of the year” and that “today the common denominator is uncertainty”.
“If someone asks how much the dollar or inflation is going to be, you don’t know,” he concluded.
