"I prefer to have a sincere dollar and not a BCRA that advances on the exchange rate"

This week, the price of the dollar rose again to reach 40 pesos, the highest price since October 1st. Although the Central Bank has ratified the zero-emission target, financial badysts do not believe in the stability that can be given to the North American currency. They are also trying to stay calm and warn that the country is not facing a currency crisis.

As bad as we are, I worry less about losing a 40 dollar than 36 dollars with rates approaching 70%. In fact, the central bank started lowering rates. We are facing a crisis? No, by no means. I imagine that the dollar will be around 38-40 and that we will close the year, "said Germn Fermo, PhD in Economics and Director of MacroFinance.

In addition, in the dialogue with the radio program of Jorge Lanata, he said: There is nothing to celebrate, but for the moment, this dimension seems reasonable. Risk is the most important variable to consider. It was up not just for Argentine issuesat the international level, there has been a mbadive sell-off of emerging bonds, so all bonds are down ".

In any case, to clarify that it is better to have a sincere exchange rate and not a central bank intervening on the exchange rate. "" I hope they do not step on the dollar and at the very least that the dollar accompanies the inflationary pace next year. A dollar that amounts to 40 marks what is already in the prices, said Fermo, during the interview granted yesterday morning.

In this sense, I am also questioning the policies implemented by BCRA throughout Macrista 's administration. For a central bank that made as many mistakes as possible in terms of inflation for three years, it suddenly found itself facing a similar tightening. generate additional cooling of the economybecause what is decimated is more of an error than a virtue, "he said.