Caputo denied a megadevaluation and confirmed the continuity of the "Dollar Blend"

2024-06-22 14:58:56

Through social networks, this Friday holiday, the Minister of Economy, Luis Caputoratified the economic course of the national government: he denied an imminent megadevaluation, assured that a new agreement with the International Monetary Fund (IMF) is not yet in place and ratified the continuity of the “Blend dollar” at 80/20, as well as the continuity of the crawling peg at 2%.

The official revealed that the Ministry of Economy and the Central Bank form a compact and uniform team and that their primary focus lies in addressing “the challenges that have arisen after the worst economic crisis in the history of the country, maintaining a low profile in relation to the media”.

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Caputo acknowledged that this position may not favor the work of journalism, although he highlighted that many serious journalists choose to report only what is verifiable. However, he lamented that others get upset and resort to making up stories in retaliation, or even blatantly fabricate stories.

Regarding speculation and rumors, the minister was clear: “We cannot waste time refuting each of these lies.” He then reaffirmed the commitment of his team to directly report any changes in economic policy and assured that they comply with what they communicate.

The points he clarified:

– No devaluation is planned.

– The 2 percentage point “crawl” will also be preserved.

– Negotiations for the next agreement with the International Monetary Fund have not yet begun, but he stressed that they maintain a solid and positive relationship with said institution.

With this statement, the minister sought to put an end to unfounded speculation and reaffirm transparency and consistency in the government’s economic policies, Ámbito reported.

Caputo denied a megadevaluation and confirmed the continuity of the Blend dollar

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