He dollar parallel does not stop drilling price ceilings and this week it climbed $23, with the unit above $430 at the start of the rounds this Thursday. Meanwhile, the Minister of Economy of the Nation, Sergio Massa, in a presentation before businessmen at the IDEA energy event in Neuquén, “highlighted the importance of the sector for the development in the medium and long term of Argentina.”
Massa affirmed that the recurring crises are related to the “shortage of dollars, product of the drought”, and stressed that “with the traction of Vaca Muerta” the country can become a net exporter of gas and oil. The problem of the Argentine economy is directly related to the lack of reserves, which it cannot reverse “due to the resistance of the countryside to liquidate soybean exports,” among other factors, officials from the economic portfolio affirm.
The current reserves of the Central Bank “They would barely be enough to pay the debt maturities with the International Monetary Fund (IMF) and other organizations at the end of the month”, which total 930 million dollars. The application of the third edition of the dollar soybean “is not giving the expected results”, therefore, the level of net reserves “returned to critical levels”, they confess in the offices of the Treasury.
The jump of dollar informal in the last three days It was accompanied by the “cash with liquidation” that this Wednesday also exceeded $430 per unit, which pushed the ministry commanded by Massa to intervene in financial priceswith moderate success, at the cost of the collapse of the price of the bonds, which generated “strong criticism in the market.”
For the opposition, the shot of the currency American is the exclusive responsibility of the “Alberto Fernández administration”, which caused the current situation to be “hell and you can no longer live like this”, as the candidate for president of the PRO, Horacio Rodríguez Larreta, maintained. The official also stated that “the problem with the dollar, instability and inflation did not arise this week” and attributed it to “a government that does not hit it, that has no direction.”
