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The dollar climbed to $ 29.57 on Friday during a new race for trading, despite the fact that the monetary authority has auctioned the IMF and reserve funds for US $ 450 million, in order to balance demand.
"It seems to me that the exchange rate has become uncontrollable, they lost control in April and they never had control of the situation ", Buteler emphasized in a dialogue with NA
. According to his review, the measures taken by the Central Bank "capable are not incorrect, such as rates and reserve requirements, but the problem is that they have been improperly applied and disorderly".
"There was no clear message on the market and that is why the dollar continues to rise ." Able to three or four days of calm, but escapes again, "he insisted, in this way he pointed out that" this strategy does not work, it must be changed [19659003"
" Of all that they applied, the only thing that worked was the offer of five billion dollars, "Buteler said.
In addition, he stated : "It is essential to have a stable exchange rate", while estimating that there is currently "declining business, complicated companies to fund, chain of payment problems and checks rejected "
" For the moment, raising the rates would have no effect ", he estimates and badyzes that the auction of 100 million dollars every day does not work because they "are lost and the desired effect is not achieved." Given the sharp rise in the dollar, said that "the demand is not overwhelming ", but clarified that there was a" disappearance of the private offer. "
" There is a feeling that tomorrow the dollar could be more expensive, it is thought that it will be more expensive than today, "he warned.
To the extent, he pointed out that "until now, whoever bought, always won" and he aimed: "You see that you always lose against the dollar, for which there is more rate that pays for this insecurity ".
"The power is on the side of the Central Bank, but as long as it continues to act the same way, it is rare that there are different results," he badysis.
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