Álvarez Agis: The dollar at 60 pesos is good again

"The most important thing is to ensure that the dollar stays close to 55 pesos because the economy was about to collapse and the market dynamics was very worrying", warned the former minister of the economy, said one of the economic referents of the presidential candidate, Alberto Fernández.

Agis reiterated that, in his view, "The dollar at 60 pesos is good again"because the post-STEP increase occurred "in a panic situation".

He also appealed to the "institutional responsibility" of the president Mauricio Macrisince "with the declarations of Sunday and Monday, we put all Argentineans in danger". He added that "there was an unexpected electoral situation and an unexpected presidential reaction" and, in this sense, the conversation of Macri and Fernández "It was central. WhatsApp messages were more important than $ 20 million in reserves ».

On the other hand, he defended the actions of the Central Bank during the dollar race. "The whole week has been flawless. If I had sold $ 1.5 billion on Monday, I would have raffled themThat would have been the signal that I could not stop it. With the market in panic, it was better to leave and intervene up to 60 pesos. There, buyers of dollars Monday and Wednesday said: "I lost, I bought at a price too high."

The economist said that, if a victory of the opposition is confirmed in the elections of October, "The first step of the next Minister of Economy must be to take a plane to Washington, and the second is not to come back with an agreement that does not work"because "the only major challenge facing the Argentine economy is to return badistance to the IMF".

Although he warned that the agreement signed "We have to restructure it because we respect it to the letter and we are on the dollar and inflation. The Fund must understand that it is drowning the economy and can not continue to demand an adjustment, as this would worsen the recession. ".

Dramatic week

The markets closed a frenetic week after the OSPP, characterized by a financial slippage, readjustments in the government administration of Mauricio Macri after the electoral defeat, triggered by the dollar and by the debacle of the shares and the obligations.

This Friday, the currency again showed another important retirement, at go down from $ 1.64 to $ 58.12 in the banks and exchange offices of the city of Buenos Aires, according to the Scope average.

Anyway, despite the second consecutive loss, the ticket accumulated in the week a jump of 24.8%.

In the Nation Bankduring this time the The US dollar fell from $ 2 to $ 57 on Friday. While in the wholesale market, the currency fell from $ 2.25 to $ 55. The total operated was 592.2 million US dollars.

The bottom of this Friday, the second of the week, This reduced the exchange rate adjustment percentage remaining by 22% from the values ​​recorded last Friday.