Alberto Fernández has targeted tourists who buy dollars to travel and raise the sky

In the midst of a new surge in the financial dollar, which exceeded 304 dollars and caused the gap with the official dollar to widen to 136%, Alberto Fernández he again criticized those who dollarize in parallel markets and blamed them for the increase in exchange rate tension in recent weeks.

“Argentina it is not a place where tourists buy dollars to travel and raise the blue dollar; nor is it the place where some CCL speculators they raise the dollar and make us all uncomfortable “, the president said in an act at the Casa Rosada Bicentenary Museum.

“Argentina is also this: she who produces, she who invests, she who works, she who gives work, she who educates, she who heals. All this is Argentina”, added and questioned Fernández: “Every day they want us to feel that we are in the worst of worlds.”

The President acknowledged: “I know that we are going through complex times, I know that we have to adjust some numbers of the public accounts, but this will not happen at the cost of stopping either public works or housing”, in an act that he shared with the Minister of Public Works, Mario Katopodis.

The governors of Buenos Aires, Axel Kicillof; from Tucumán, Osvaldo Jaldo; from Santiago del Estero, Gerardo Zamora; from Mendoza, Rodolfo Suarez; of Neuquén, Omar Gutiérrez; by Chaco, Jorge Capitanich; from Catamarca, Raúl Jalil; and from Salta, Gustavo Sáenz.

The dollars that come out of tourism are in the sights of the government. “The right to travel collides with the generation of jobs“, Silvina Batakis, Days after, AFIP said in one of her first statements as Economy Minister raised the perception of Personal Earnings and Assets by 10 percentage points for operations intended for the consumption of dollars for travel and expenses abroad, bring it to 45%. }

Only until May of this year, Nearly $ 2,500 million went from the Central tills in travel and tickets and other card payments. according to the last exchange balance published by the monetary authority. The number of June releases will be known only at the end of the month, but estimates suggest that, including this month’s demand, it exceeds 3,000 million dollars.

Increasing restrictions on access to the official dollar may have triggered demand for the blue dollar, but marginally. “What destabilizes the foreign exchange market is a Rising fiscal deficit, financed by monetary issues and with no prospect of fiscal consolidation in the short term, “said Cohen economist Martín Polo.

“What happens in the foreign exchange market is consequence of the avalanche of pesos issued by the Central Bank to finance the Treasury “, he added. In this sense, his colleague from LCG, Matías De Luca, stressed that” the race began after Guzmán’s resignation “.

“Although the government had poor economic results, Guzmán was the most rational person in the leading cadres. His resignation, due to a political tug-of-war, creates more distrust. All that uncertainty that generates risks makes savers take refuge in the dollar, “she said.

For De Luca, the sustained leap of the parallel dollar is also fueled by “more restrictions to imports, a Central Bank that has not finished consolidating its reserves and accumulated inflation this year. It’s a whole cocktail that reflects that the economic compass isn’t entirely clear, “she said.

The exchange gap, which if you take as points the wholesale dollar and the cash dollar in liquidation used by companies that cannot access official dollars for their activities, exceeds 135% further complicates government numbers. Incentives for hospitality tourism to put their dollars in the formal circuit diminish as it expands.

From January to May only 158 million dollars for tourists from other countries entered the country, who preferred to exchange their dollars at the parallel exchange rate.