Why the dollar goes up in Argentina ?: Explanation of Roberto Navarro

The US currency has again broken a new record and should reach 50 pesos.

March 27, 2019

Roberto Navarro He explained why the dollar has reached a new historical high, has no cap and how it is part of the government's plan to favor the few who concentrate the country's wealth.

The reporter next to Jonathan Heguier, in a new edition of Alta Data, badyzed the country's economic and financial situation. In this regard, the director of El Destape said that "this is a model of concentration and financial accumulation, few are the winners and all the others put".

"There are few, 10,000 Argentines who keep our money, impoverish it and do not reinvest it because what to invest if we do not have to consume.And then they invest to the outside, they buy dollars and they go away. And when they buy dollars, the dollar goes up explained Navarro.

And he continued, "Are the dollars being made here? So, to get dollars, the government goes into debt to get dollars, when we get into debt and we get into debt, the guys who invest in Argentina say, "macho , we leave." When they leave at the same time, you have to buy dollars, they go out at the same time to buy dollars, the price increases because of the relationship between supply and demand. "

In this line, he asked: "Who can support the government to keep the dollars?" And he added: "The owners of the land and they put the price of the dollar to what suits them." The IMF said it preferred a stronger dollar for Argentina to import less and export more, both of which can give us the money want it at a higher price. "