After the lightning trip to Brazil to meet Lula da Silva in search of credit, the Argentine government will once again closely monitor the price of the blue dollar, which despite official interventions on financial dollars It was up $5 on Tuesday and closed at $474.
New in development
In the midst of the BCRA reserve crisis, Santiago Cafiero spoke again about a common currency with Brazil
Foreign Minister Santiago Cafiero.
After President Alberto Fernández met with his Brazilian counterpart, Luiz Inacio Lula da Silva, to design a financial mechanism that would allow them to trade while reducing the demand for US currency, Foreign Minister Santiago Cafiero felt that if there was “a common currency, even if it is the use of local currency, the stress of dollar reserves Argentina would not have at this time“.
“It was a point of the working agreement that was established in January when Lula visited Argentina. It continues to be a meeting point”, explained the foreign minister in dialogue with Radio 10.
In the midst of the economic crisis that last week catapulted the blue dollar close to $500, Cafiero highlighted: “If we had a common currency, even if it were the use of the local currency, Argentina would not have the stress of reserves in dollars right We don’t have to cry for what we don’t have, we have to work”.
Desperate for dollars, Kirchnerism is silent in the face of a request for grants from the IMF
Sergio Massa and Cristina Kirchner in the Senate.
Just a month ago, the Monetary Fund issued a statement in which it marked the field for the Minister of Economy, Sergio Massa, on four aspects of economic policy.
He indicated there that the government should take steps to increase the rate of appreciation of the dollar, limit the impact of the moratorium, raise the interest rate and reduce the burden of subsidies. Read more here.
The blue dollar was up $5 and closed at $474
At the start of the trading week after the Monday holiday, the blue dollar closed this Tuesday at $474, $5 above Friday’s price.
Source: Clarin
