Dujovne claims that there is no reason to be alarmed by the rising dollar – 11/27/2018

Words of tranquility and optimism, with the aim of reduce anxiety for the dollar and a new transfer from rising to inflation. Nicolás Dujovne attempted to convey calmness at a press conference at Casa Rosada after the US currency will approach 40 pesos at the beginning of this week.

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"The situation is on track for us to have a few months of very calm and we see with a lot of optimism the way the Argentine company has decided to solve the turbulence we are going through, "said Tuesday the finance minister at the end of the cabinet meeting led by Mauricio Macri.

Dujovne sought to turn off the tension by a possible new wave of inflation. "We are very calm with the exchange rate, moving in a very very sweet in the area that we define as non-intervention. There is no no problem In this regard, "excluded the Minister, once again emphasizing the approval of the budget" with balance "and the support of" a large part "of the opposition to sanction the law, this which helped to calm economic uncertainties.

"The field of non-intervention trading is a government decision." When we started two months ago, our exchange rate was 41, it was below 36, it is now 38, 39 that is to say, it moves within this area and, since there was no deflation at the time of its fall, we do not think it will have to price movements for something very timely Dujovne also tried to discourage a new escalation of inflation.

"After the atypical inflation resulting from the depreciation of the peso at the end of August, September's inflation was very high, that of October a little less, November will be lower also and slowly, we live in an already very normal, calm climate and we are satisfied with the measures we take. What we are doing is what we need so that Argentina can resume the path of growth, "concluded his optimistic speech.