Martín Guzmán said dollarizing was “a delirium.” He also spoke about inflation and monetary issue.
The Minister of Economy, Martín Guzmán, spoke about it all and, obviously, did not shy away from responding to the compelling projects of opposition leaders, such as libertarian Javier Milei, in favor of dollarization of the economy as an alternative to dealing with inflation.
“Are you against dollarizing?” They asked him on A Dos Voces, the Marcelo Bonelli and Edgardo Alfano program, of TN, and the head of the Palacio de Hacienda was compelled: “Absolutely.”
When deepening, the official indicated that an initiative in this sense “it’s a delusion” and he argued that “it gives up the possibility of seriously building a State.” “It’s accepting defeat as a nation”insisted Guzmán, who said Argentina should “build” its own currency, which, as he indicated, “is weak now.” “We need to bring that back.” He added.
To dispel any suspicion at this point, Guzmán said that dollarizing “is something that we don’t even consider it as an option. ”“ Inflation is faced in a context where there is a way to go and confidence to build, ”he asserted.
“Under the economic point of view we need more reservations at the Central Bank. If there is no reserve, they all look up and say that at any time there could be a problem with the dollar against the peso. And when it starts to happen you have inflation tension, he pointed out.
Guzmán insisted that “Argentina needs to generate foreign exchange, increase production of what makes up dollars, what we export or energy where we have good opportunities and in exchange for imports as we did in gas plan adopted about a year and a half ago ”. “At the same time you have to leave fixing the money issuereduce emissions but at a pace that allows the State to play an active role in development, ”he said.
Guzmán spoke about inflation a day before the INDEC data came to light
Minister Guzmán warned on Wednesday that April inflation, whose official data will be released by INDEC on Thursday, “will be lower than in March,” but admitted that “there is still value that is bad” for the Argentine economy.
“We also hope that in May there will be a decrease in the intermonthly inflation rate. But clearly inflation is a central issue in economic policy, because it is an evil and it must be attacked decisively and consistently, so that problems will be solved… long -term. “
In this sense, the head of the Treasury Palace rejected the criticisms of the opposition accusing him of lack of economic plan. “We’re tracing an economic program that is consistent. There is one part that is difficult to handle in this context for any country, which is international inflation. It used to be not a problem and now it is the main problem in the world, “he added.
Guzmán further pointed out that “at the G20 meeting, more than two weeks ago, the number one problem discussed was inflation.” “Argentina has its own side that must be attacked and develop a common sense of what to do.”
Guzmán also responded to questions about the volume of the financial issue. “You have to define what many mean,” the minister replied, adding that “when the pandemic came, economic activity naturally collapsed and the State had to protect productive capacities and the social fabric.” “Imagine if there was no major State action that protects sources of employment. In a country without instruments, had to use a financial issue”, argues the minister resisting questions of Kirchnerism.
“Whether it’s broadcast a lot or a little, it forces us to imagine what would happen if we didn’t,” Guzmán continued, finally admitting that “of course we have to lower the broadcast.” “If we want to strengthen the currency in a bi-monetary Argentina, we accept that there is a lack of confidence in the currency,” the minister completed.
GRB
Source: Clarin
