The president of Banco Nación came out to clarify that the bailouts of the Pellegrini Fund were “usual”

The President of the National Bank, Eduardo Hecker on Tuesday relativized the importance of the bailout of about 10,000 million dollars from the Pellegrini mutual fund carried out last week by Enarsa and which financial market analysts have considered a signal that started the race for debt indexed in pesos and which this week led to the jump of the dollar,

“It was a normal operation, are 10,000 million dollars from a fund that manages a total portfolio of 400,000 million dollars “Hecker pointed out in a meeting with journalists, in which he remarked that the distinctive note came from “a special context” both internationally and locally, following the versions of economists and consultants on an alleged financial fragility.

In this regard, he highlighted a report by the consulting firm Empiria, headed by former Economy Minister Hernán Lacunzawhich was published almost simultaneously with the rescue carried out by Enarsa and in which it was considered the possibility of restructuring.

Enarsa has decided to save an investment of nearly $ 10,000 million of bonds in pesos that it had in the Pellegrini FCI of Banco Nación to have the necessary funds for the import of liquefied natural gas.

Hecker’s words became known after Central Bank Director Agustín D’Attelis criticized “manipulation” and “destabilization” which caused the price of debt securities in pesos to drop, while denying the possibility of a restructuring or termination of payments.

“Since he arrived, the government has taken it upon itself to restructure the hard currency debts that the previous administration bequeathed, and has begun betting on the strong formation of a pesos market, which the opposition and its economists are working on today’s referents in an attempt to destabilize it installing ghosts where there shouldn’t be any problems“, D’Attelis affirmed talking with Radio 10.

The brand new director of the BCRA joined the statements made yesterday by the Minister of Economy, Martín Guzmán, who ruled out the possibility of a “default” of the debt in pesos.

“This hypothesis is a false hypothesis because the exit that occurred from the need that Enarsa had to pay for some things was on funds with liquidity where they deposit money so that, when they need it, they redeem and the next day they have the money Those funds don’t have index-linked instruments because they settle with longer terms, “D’Attelis explained.

In another order, Hecker expressed the satisfaction of the BNA Board with the work carried out since December 2019 and recalled that at the time of the takeover of the entity “it was in a very complex financial situation” in which “SMEs were absent. “.