The blue dollar was up another 4 pesos this Wednesday and closed at $381 for the sale and $376 to purchase. Meanwhile, the official was unchanged throughout the day and closed at $196.25.
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Carlos Melconian’s warning: “Election years with fragile macroeconomics and uncertain politics end badly”
Carlos Melconian in a presentation at the Colloquium of Politics, Economics and Real Estate, in Mar del Plata.
Economist Carlos Melconian analyzed the political and economic context that Argentina is going through in the final stretch towards the 2023 presidential elections and anticipated a discouraging scenario.
“What is relevant is that this problem of fragile macroeconomics and uncertain politics is not new, it has happened before, it happens in transitions and if precautions are not taken it will happen again. The history of Argentina shows that election years with fragile and uncertain macroeconomics politics ends badly,” warned the former president of Banco Nación in dialogue with TN.
He also explained that “the fiscal deficit is financed by issuance, and as long as there is emission and the fiscal deficit is not zero, the debt will be a bomb that is there.” To know more.
The blue dollar was up $4 on Wednesday and closed at $381
With a $2 hike before midday and another $2 in the afternoon, Wednesday’s session marked a $4 jump that left the dollar blue at $381 to sell and $376 to buy.
It also was up $4 on Tuesday and is already up $8 from Monday’s close, when the stock closed at $373.
Source: Clarin
