Economy Minister Martín Guzmán at the EEA meeting. photo: Andrés D’Ela.
After a turbulent week in the city, with Blue Dollar hikes and Cash with Liquidation (CCL) included, Economy Minister Martín Guzmán stepped out to rule out versions of a possible debt default in pesos.
It was through his Twitter account that the official pointed out that the government would “never” take such a measure.
“Our government would never do that. Credit in its own currency is a pillar of every sovereign state,” said the minister, who is preparing a battery of measures to face a key week on the markets.
Tweet by Martín Guzmán in which he excludes the debt default in pesos. photo capture
This week, pesos bonds lost 10% in a single day. Meanwhile, the CCL dollar moved from $ 210 to $ 227, while country risk remained high at 2,044 basis points.
Although the Central Bank intervened, between Thursday and Friday there are 142,000 million dollars left placed in inflation-adjusted securities (CERs). Of that total, $ 65,000 million was saved on Friday, half by decision of the financial entities’ clients.
Guzmán canceled a trip to Toronto
While preparing the measures for contain the situation on the marketsthe minister went on a trip to Toronto to attend the largest mining summit in the world.
Through the same Twitter message, the minister insisted that he will not attend the summit in person because the flight that was supposed to carry him was canceled.
“I did not cancel the trip. The company canceled the flight and did not arrive at the Mining Forum. I will participate virtually,” said Guzmán.
Source: Clarin
