The government assures that until the end of the year there will be very corrective appreciations on the dollar

The “solidarity” dollar remains lower than the informal dollar: the difference of 12 points on average is the largest since the start of the year. The dollar advanced today by three cents at the end of the week to 102.64 dollars – before taxes -, according to the average of the main banks of the financial system. In turn, the retail price of the US dollar at Banco Nación closed at $ 102.50. On the week, it was up nine cents.

In this context, he also referred to the growth prospects: “Some symptoms are starting to show that this is a year when Argentina starts to grow after three years but is not homogeneous. There are more dynamic sectors, which overtake 2018 ”and he listed:“ June exports are higher where there had not been such a record since 2013. Some sectors are growing due to higher consumption levels to 2019. We must accentuate these fundamentals of economic recovery in the 2022 budget. “

Regarding the agreement with the International Monetary Fund (IMF) Amid rumors it will be announced after PASO, he confirmed that it is not yet closed and that work is continuing.

The government’s position

Cecilia Todesca, The deputy head of the cabinet of ministers of the Nation, also confirmed that the government does not intend to devalue. In radio statements, he assured that the exchange rate is at values ​​acceptable to the government and attributed the exchange rate fluctuations to the electoral context.

According to what was expressed by the Minister of Economy, Martín Guzmán, the Deputy Chief of Ministers announced that the exchange stocks will remain: “The stocks are used to use all the dollars in the growth of the country. This is not a punishment for just anyone. The blue dollar goes up goes to the headlines, when it goes down goes to page 23 ”.

In an electoral context, Todesca rejected the opposition’s forecasts of a possible devaluation: “Devaluation is not the solution to any of the problems. We are not going to devalue. Every time the exchange rate jumps, it drives prices down. He added: “The exchange rate is at a high level. It shouldn’t be a problem. This does not mean that there is no turbulence linked to the elections and in the second half of the year that exports are less liquidated.