Nicolás Dujovne, rising dollar: "These are normal movements, they are in the non-intervention band"

In statements to the press after the Cabinet meeting, the Minister of Finance, Nicolás DujovneHe said: "We see exchange rate fluctuations as normalin an economy that floats in a non-intervention band, where we have been for the last three weeks the most successful currency in the world, it is normal that there is a reverse movement and that the peso depreciates a little at the same level than other currencies in the region such as the Brazilian real ".

With regard to the increase of country risk, expressed that "in the last two or three weeks, the product of the volatility of the financial markets by an increase in bond yields, we do not see the idiosyncratic causes of Argentina that determine it in our case"

Asked about his badysis of the economic situation, Mr. Dujovne said: "We are very satisfied with the measures taken, we believe that budget approval with pay for next year marks an important milestoneand, moreover, it has had the support of a large part of the opposition, which shows a great responsibility on the part of many Argentine political leaders, which is an important part of this phase of recovery that we through. "

He also said that "after the atypical inflation caused by the depreciation of the peso at the end of August, inflation in September was very high, that of October a little less, the lowest November also, we live slowly in a climate of normality and tranquility, so we are convinced that what we do is what we need for return to the path of growth"

The Minister of Finance referred to advances with the Monetary Fund International and agency disbursements.

"We had the Fund's statement with the second successful exam of the agreement, which releases the disbursement we will have at the end of December, "he said.

"I think that the situation is on the right track so that we have a few months of peace and we are optimistic about how the Argentine society has decided to overcome the turbulence we have gone through," he said. said the manager. .

On the other hand, he stressed that "they are given the conditions " so some oil companies lower the price of fuel.

The tariff reduction "will depend on the decisions made by companies"said the manager, after explaining that" with the combination of a stable exchange rate and the decline in the price of the international dollar, the conditions are met "so that some companies" can decline and others can not ".