The Minister of Economy that the presidential candidate Patricia Bullrich chose if she were elected, Carlos Melconian, rated as irresponsible the decisions made by the head of the Treasury Palace, Sergio Massa, and assured that «The Vaca Muerta dollar is a way to continue devaluing, without devaluing.»
The measure referred to was recently announced by Massa during an event in Neuquen and aims to raise more than US$1.2 billion.
«It makes me sad because he is a candidate for president. If he doesn’t have to govern, he could be a person in a scenario to come,» he said. Melconian.
In dialogue with the program «El Expiridor», hosted by Ari Paluch on Radio Rivadavia, the economist assured that «You have to learn to take care of the money that belongs to someone else».
«There has to be a global program, that comes out of grandiose relationships. The most important thing is that we discover by working that there is a solution,» he concluded.
Likewise, he stressed that «it is very important transparency, the honesty and the decency of the interlocutors because you have to interact and negotiate.
Devaluation
In relation to the argument used by the ruling party to justify the devaluation applied the day after the PASO, assured that «Alberto Fernández’s administration used the crawling peg, which are permanent daily devaluations of its own volition from day one»but indicated that the exchange rate was 20% behind inflation.
«That’s why he had no choice but to take the dollar from 280 to 350 and he’s going to do it again»said the economist.
And he added: «Argentina, compared to other moments in its history, does not have a major devaluation ahead. It has to grab the 350 and accommodate it at a reasonable exchange rate.»
Melconian He also maintained that there is a «tariff disaster», which did not exist until 2003. In this sense, he stated that «the adjustment is made at 140% of annual inflation, not putting the price of the rates at what corresponds. Argentina is more facing a problem of rate increases than of a devaluation increase compared to other moments in its history.» history».
State Reform
Finally, he pointed out that the economic program of Together for Change contemplates «macro stabilization (fiscal, exchange rate, debt and capital markets), state reform (ministries, state companies and the central administration itself, with a federal perspective) and the deregulation to the private sector».
«The most relevant thing is that things with political will and the support of the people have a solution. Political leadership is needed, which Patricia is providing, with a comprehensive program, decency and a horizon to move forward,» he concluded.
What is the Vaca Muerta dollar
The Minister of Economy, Sergio Massa, This Tuesday, it launched a differential dollar scheme for hydrocarbon exporters in the Vaca Muerta basin and will seek to promote the settlement of some US$1.2 billion.
With this strategy, it seeks to strengthen reserves and reduce the possibility of exchange tensions occurring before the general elections.
The «Vaca Muerta dollar» will imply an exchange scheme similar to the last soy dollar launched. That is, it is not a direct higher exchange rate, but rather will allow 25% of exports to be entered at cash price with liquidationwhile the remaining 75% will go to the Single Free Exchange Market (MULC).
Massa held meetings with executives of oil companies that operate in the hydrocarbon basin, such as YPF, Tecpetrol, Pampa Energía, Pan American Energy, among others, and then made the announcement.
The Minister of Economy explained that the aim is to «reach the October elections with stability in financial dollars.»