"The plan of the fund is endless" | Melconian pi …

The former president of the National Bank, Carlos Melconian, said Tuesday that "we were going to move to a transition" and called the plan of the Monetary Fund "incontinuable" and its measures "rudimentary". "In this context, it is very necessary to enter the disbursement of the IMF," said the former head of Cambiemos at an event organized by the think tank IDEA. "A chaotic transition is avoidable. We will not know chaos or order if we know how to control it. The year 2020 is uncertain depending on the degree of trauma of the transition, "said the controversial badyst at an exhibition on management organized by the entity.

"The transition is very difficult to explain to the common man or to an SME of the real sector. Over the course of these months, he has become something much more vulnerable, that is, he has acquired relevance, "said Melconian, at a time when the dollar was coming back to take brios and where the Central Bank had to proceed with this auction for $ 302 million to contain more revenue. "The conferences of Guido Sandleris and Hernán Lacunza were such that we continued with the plan of flint stones". Continue in the flints, which will result in more inflation and a lower level of activity, and going in search of an election seems to be a contradiction, "he said.

"Here, the transition game is played. The $ 59,000 million to which 37,000 million will remain, if I get everything in China (the swap agreed with the Chinese central bank), will be demanded by the foreign exchange market and the payment of the debt, "he said. he explains. Melconian is the one who compared the reserve exchange with the Asian giant of the previous government with "colored papers", which are now one of the main supporters of the reserves. The government has even extended this bilateral agreement. "I use these numbers following the IMF recommendations, but all of this is fungible. The other day, the REPOs needed dollars because the banks did not stay behind and went out of here, "he explained, referring to the payment of secured loans that banks had against the central.

"There are reservations for the transition, but not for everyone," said the economist. "In the middle of the publication, it's fungible. It seems difficult to reverse the trend in terms of positive votes. Although the votes of Lavagna, Espert and Gómez Centurión are added, it ends very just. The overthrow relies almost exclusively on the loss of the Front with All votes, "said Melconian.