Press conference by the Minister of Economy Silvina Batakis. Photo: Luciano Thieberger.
Economy Minister Silvina Batakis left a definition on the dollar on Monday, after a week in which blue reached $ 280 and that used by companies broke the 300 pesos barrier.
“We feel comfortable with this kind of change”said the official during the press conference he offered by the Palacio de Hacienda microcinema.
The official downplayed the impact of the blue dollar on the economy, assuring that the parallel market moves 3 million a day and that the official is 1,000 million a day, with which he asked that when the gap is “exaggerated” it size the volume.
“Furthermore, the entire price chain that is built to reach the shelves, shops and services is built with the official dollar,” he assured during the conference.
However, supermarkets have started to suffer from dollar instability, the import trap and inflation, and there have been shortages of various mass consumer products, especially in the food sector.
The price of the dollar in the shops of Calle Florida, a few days after the inauguration of Batakis. Photo Emmanuel Fernandez.
For example, some retail and wholesale businesses are restricting the sale of oils, toilet paper, packets of sugar and yerba mate. Only two units can be purchased.
Batakis also stressed that energy imports, a key input for the economy and a resource in crisis in the midst of the Russian war in Ukraine, are also carried out with the official dollar.
“We must free all the productive forces that the provinces have. We are working so that the exchange rate is competitive and so that imports and exports are linked to the productive sector, “said the new official.
As she explained, during the announcement she made this Monday accompanied by other members of the National Cabinet, Batakis noted that the multilateral exchange rate is in equilibrium and that there are no speculative movements.
Although he recognized that there is a “currency stress”but he added that this is due to the need to “support productive activity”.
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Minister Batakis also provided some definitions such as that there will be a cut in public spending, a brake on the income of the state staff and compliance with the objectives agreed with the International Monetary Fund (IMF).
The official’s goal was to generate certainty in the face of the crisis in the markets and the sharp rise in inflation.
Source: Clarin
