Sandleris celebrated the announcement of the new debt: "The Central Bank will have greater room for maneuver to control the dollar"

Central Bank President Guido Sandleris said in a statement that the announced debt measures "favor the use of international reserves to preserve monetary and financial stability". The message arrived minutes after the conference chaired by Finance Minister Hernán Lacunza, in which he announced a series of economic measures designed to contain financial stress.

"The decisions taken privilege the use of international reserves to preserve monetary and financial stability, even if it means delaying payment to large investors in public debt"In this regard, he said that they would continue to use a restrictive monetary policy and foreign exchange interventions as central instruments to reduce nominal volatility.

At a press conference, Lacunza announced Wednesday that "in the coming weeks", the government will meet with the IMF to begin negotiations on the extension of debt maturities.

After stating that the government would seek to "reperfil" the debt with this agency, the finance minister stressed that he intended to "run it" without removing the payments from the government. interests". "This is an extension of the terms in the case of medium and long-term debt. Change the due dates, but not the rest of the conditionshe discussed.

According to the president of the BCRA, the measures announced by Lacunza avoid "three errors" committed in others, a sudden interruption of access to the credit market. "The first is to try to buy time by artificially stimulating the banking system to incur more public debt – printing pesos to meet local currency financing needs," he said.

"The Central Bank is committed to the Argentineans and we will continue to do everything in our power to contain nominal volatility and to ensure the long-term stability of the financial system," said Sandleris.