“Sooner or later you put it on”

0
2




Rosario September 05, 2019 On the second day of the Mercosoja congress held at the Bolsa Comercio, the last panel of speakers were Carlos Merconian (M&S CONSULTORES) and Alejandro Catterberg POLIARQUIA) Photo: JUAN JOSE GARCIA - FTP CLARIN garcia05.jpg Z GarciaJJ Garcia-Rosario


© Provided by Clarín
Rosario September 05, 2019 On the second day of the Mercosoja congress held at the Bolsa Comercio, the last panel of speakers were Carlos Merconian (M&S CONSULTORES) and Alejandro Catterberg POLIARQUIA) Photo: JUAN JOSE GARCIA – FTP CLARIN garcia05.jpg Z GarciaJJ Garcia-Rosario


In the midst of exchange rate stress and increase in the price of the informal dollar After the government’s measures to restrict the purchase of currency for savings, the economist and former president of Banco Nación, Carlos Melconian, issued a harsh warning: “At a 30 or 40% gap, there is life; at 100 there is no life“.

Melconian refers to the difference between the price of the official dollar and the parallel. For the economist, with that gap, “you don’t get caught. What does it mean? That sooner or later you put it on,” he warned.

He said it in statements to radio The net, and immediately assured that he was not encouraging him. In fact, he specified, “today Argentina has an exchange rate that be the bank competitively“.

Currently, the exchange gap this Wednesday is 110%, with a blue dollar trading $ 160 for purchase and $ 166 for sale.

nullIn the midst of the crisis, the national government tries to advance an agreement with the International Monetary Fund (IMF). Melconian participated in the last days of a meeting with part of the agency’s staff who arrived on a mission to the country to, as he said, “gather information.”

“They came, they collected, they left, and they come in November. I would lower the decibels, it hasn’t even started yet,” he said. Regarding a possible agreement, he said that he hopes that “it will not be due to resignation, because on Mars and Jupiter they already know that Argentina does not catch the bottom, and the bottom also knows it.”


The Minister of Economy, Martín Guzmán, together with the head of the IMF, Kristalina Georgieva. Photo Reuters,


© Provided by Clarín
The Minister of Economy, Martín Guzmán, together with the head of the IMF, Kristalina Georgieva. Photo Reuters,


He also criticized the current Minister of Economy, Martín Guzmán, and questioned the outcome of the agreement with the bondholders that was signed by the Government.

“I hope that (with the IMF) we are not seven months like with the debt, where a kid comes to give you lessons, that they all failed, that Stiglitz, that the photo, that the Pope, and they put us a bonus at 55 dollars above than they had said seven months ago, “he launched.

JPE

LEAVE A REPLY

Please enter your comment!
Please enter your name here