Hernán Lacunza said that "the dollar is high" and that inflation will take a step further "

Finance Minister Hernán Lacunza said on Wednesday night that the "the dollar is high" but ruled out a further rise warning that the current exchange rate "allows to be competitive before the rest of the world. "There is no basic reason for upward pressure," he said during his visit to Two voices.

"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 prejudicial shift for the stability and inflation, "said the new Cabinet member. Therefore, he said: "Reserves must contain the pressures irrational".

In statements to TN, the official, who took this Tuesday to replace Nicolás Dujovne, said that the dollar has reached its highest value of the last 12 years"at a" price higher than the long-term equilibrium, which allows us to be competitive and to stabilize Argentina's relations with the rest of the world ".

After meeting the economists of the candidate of the Front of All, Alberto Fernández, the leader pointed out that "there is a global consensus " with opposition on this "diagnosis", also including Tuesday'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 affects the other because when markets generate their buying and selling decisions, take into account the present and the future, with the statements of all the candidates, "he said, which is why he asked the opposition" to be cautious do not generate unnecessary tension"in macroeconomics.

"The first condition for this certainty is that we all agree on a stable exchange rate," said the minister about the meeting with Guillermo Nielsen and Cecilia Todesca.

Lacunza said inflation was "down in August, but that will have a step "And he said,"We are bogged down For decades, in a vicious circle, over the last 30 years, one-third of Argentines were below the poverty line. We have to deal with long-term changes. "

The most visible phrases of Lacunza

"It's a complex situation, the election periods are often complex and difficult."

"This week we started a dialogue with the political forces to agree and not put stability at risk."

"Maria Eugenia Vidal told me that Dujovne had resigned and that they had thought of my name to replace him."

"I said that he was available immediately.When a president calls him, there is no room for personal speculation."

"Macri m invited me to be part of his cabinet.I was inside the country, I took the plane and in the evening I started to to work."

"Through history, the dollar in our country coordinates expectations and moves quickly towards prices."

"The President has asked me to take care of the Argentines."

"The meetings have been very productive to agree that the campaign is not an excuse, but that we must be careful despite our differences."

"The dollar has reached its highest value in the last 12 years.It is a price above the long-term equilibrium.It is a dollar that allows us to" to be competitive and to stabilize Argentina's relations with the rest of the world. "

"Today, the economy must have a value of reference.We understand that it is the priority up to now."

"The dollar is high and the markets when they make their decisions reflect the present and the future, with the declarations of each candidate.That's why we need to avoid unnecessary tensions."

"Reserves must contain irrational pressures."

"I spoke to the IMF authorities on Monday, they had planned to go this week and asked them to give us a few days to finish installing at the ministry."

"We are respecting the agreement with the IMF, it is in force in accordance with the provisions concerning commitments made by Argentina."

"During its visits, the IMF questions the private sector and the opposition, the basic consensus on some principles is important."

"We are at a time when the population is in need of relief, which is why the government has taken the steps it has taken.The citizens are demanding an effort on the part of the state, he said. it seems to me that we all have to do it, calibrate our public accounts, the provinces too. "

"With the opposition, we are talking about many issues – the dollar, reserves, inflation, energy – we have no coincidence, but we are cautious about the situation. Future or exaggerate the problems we have. "

"Marco Lavagna presented us with financial proposals that we listened to and that we will review." It was a very good meeting. "

"We have been stuck in a vicious circle for decades: over the past 30 years, one-third of Argentineans are below the poverty line, we face long-term changes."

"The priority is to regain stability.The economy has suffered a shock with the election results."

"August inflation was down, but there will be an extra step."