Dujovne confirmed that the US Treasury would remit $ 9,600 million until the end of the year, for a daily turnover of 60 million USD

Due to the financial needs of the government and the turbulence of the past few days, the Treasury will open a $ 60 million daily sales schedule, starting in next month and up to the end of the year. dialogue with Infobae and other means in the US capital, the Minister of Finance, Nicolás Dujovne.

In all they will be $ 9,600 million that will go on the market and will be sold at the value indicated by the North American currency that day. The intention, according to the head of the economic team of Mauricio Macriis not to influence the price of the American currency but to obtain the necessary pesos to cover the budgetary needs.

"At the end of the year, the peso needs are greater than the peso needs. We must therefore convert foreign currencies into pesos.Dujovne said this process will begin in April for $ 9,600 million in daily offers for $ 60 million and will continue throughout the year, he said. added.

The minister also said that the dollars for daily calls for tenders would come from disbursements made to the IMF under the agreement. to be listening signed last year, as well as issues in dollars. Some $ 10.7 billion will arrive in early April and there will be three more tours in the remainder of 2019, each worth $ 5.4 billion.

"We will sell the dollars at the current exchange rate," insisted the minister, who dismissed the idea that these daily sales are intended to calm the exchange rate of the last wheels. In this sense, although it is clear that there will be a direct effect on the exchange rate, a key element of the election year, The government's strategy will be parallel to the central bank's monetary management and will not change the policy of non-intervention bands agreed with the IMF..

From this point of view, the independence of the BCRA is undisputed, said Dujovne. "It's a different kind of policy," he said. "The goal is to make us pesos, not to make exchange rate policy," he said.. He also noted that this policy was approved by the Monetary Fund and would be included in the staff report that the multilateral body will announce in a few weeks, when the results of the third revision of the agreement will be known.

"What we guarantee is the macroeconomic stability of Argentina"he answered the question of whether this daily sales strategy would ensure sudden increases in the dollar's price." We have a very powerful system in the budget area, with a tax correction of almost three points of GDP converging to the primary balance that we have not had in 10 years and we have a policy Bank's very strong monetary policy, very consistent, which gives a lot of predictability, and in this framework, we believe that macroeconomic stability is guaranteed, "he explained.

"Argentina today has a level of liquidity that it has not had for years. We finish the year with the equivalent of $ 12,500 million and when we finish the first quarter, we will continue to maintain this level of liquidity because we are renewing all debt maturities.said the minister in another part of the dialogue with reporters after his visit to Washington.