For Lacunza, the current value of the dollar "allows us to be competitive with the rest of the world" | Chronic

The Minister of Finance, Hernán Lacunza, ruled Wednesday a further rise in the dollar to warn that the current exchange rate "to be competitive with the rest of the world", so he badured that "There is no basic reason for bullish pressures."

"Any pressure on the exchange rate is nothing more than a speculative move, which makes no sense to cope with this trend, as this would allow a free and damaging slide for the stability and inflation, Lacunza pointed out.

The official, who badumed last Tuesday in replacement of Nicolás Dujovne, stated that "The dollar has reached its highest value in the last 12 years", in one "price that is above the long-term equilibrium and that allows us to be competitive compared to the rest of the world and stabilize Argentina's relations with the rest of the world. "

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In this regard, he stated in statements to TN that "There is no fundamental reason for upward pressure on the dollar"

After meeting the economists of the Front of All candidate, Alberto Fernandez, the official pointed out that "hThere is a complete consensus"with opposition on this subject"diagnostic ", also including yesterday's support to the technical teams of the presidential candidate of the federal consensus, Roberto Lavagna

Lacunza also badyzed that "markets and people are not different things: what happens in one has an impact on the other, because when markets generate their buying and selling decisions, they take into account the present and the future. future, with the statements of all the candidates. "

He therefore asked the opposition "be careful not to generate unnecessary tension " in macroeconomics

"The prime condition for this certainty is that we all agree on a stable exchange rate," the minister said.

Response to governors

In addition, the finance minister responded to opposition governors, who had threatened to appear in court to prevent some of the relief measures taken by Casa Rosada. "there are no compensation resources planned" for provincial governments.

"We are at a time when the population, because of inflation, needs relief, and that is why the government has taken measures to restore to the private sector about 50 billion pesos. provides in particular that the provinces return to the country ". about 30 billion pesos, "calculated Lacunza.

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But Peronist governors and provincial parties today agreed to a document asking the president Mauricio Macri cancel measures related to the freezing of fuels, VAT and profits "in the safeguard of the provincial finances", in addition to threatening to seize the courts if they do not receive a response.

Two leaders, the Neuquino Omar Gutierrez and the rionegrino Alberto Weretilneck, they have already presented to the Court amparos in search of a precautionary measure against official measures.

In this regard, the former Minister of the Economy of Buenos Aires argued that at this point "We must all make an effort to properly calibrate our public accounts, including the provinces."

After highlighting that the provinces "They have their own accounts and taxes" the official insisted that "Today, the priority is that Argentines, individuals and the private sector receive relief and compensation for the instability we experienced last week", in reference to the rise of the dollar, which came to record about 60 pesos after the STEP.

Therefore, he badured that "there are no compensation resources planned" for provincial governments.