President Javier Milei has acknowledged that he will take it The suppression of tariff incentives for 3 years and assured that it will not accelerate the growth of the dollar, given that “the parallel free exchange rate coincides with the official one.”
During an interview with Bloomberg en Español, the head of state indicated that his goal is to get closer to a free exchange rate, but it will take time. “We find ourselves with a mountain of regulations and every day we publish many of them. Every day there is one less”, he indicated.
He was asked if he will accelerate the exchange rate official, replied: “There’s no point in doing that.. Some local economists say so and they are absolutely wrong. The first question is: why should I raise the exchange rate today if the parallel free exchange rate coincides with the official one”.
“What kind of stupidity is it to have to push up the exchange rate when in reality the exchange rate is aligned with the market rate? They should be more respectful of individual decisions and not be so arrogant. In other words, as (the economist Friedrich) Hayek says, fatal arrogance, because behind it there is a problem of fatal arrogance which is believing you know what the real exchange rate isof balance,” he said.
News in development
Source: Clarin
