US EditionArgentina Clinging to Floating US Dollar, Says Caputo
13 Articles
13 Articles
Luis Caputo ruled out an immediate dollarization in Argentina, but did not reject the idea in the future. In an interview, with Luis Majul for LN+, the Minister of Economy explained the reasons behind this decision, highlighted the support of the United States and analyzed the current economic panorama. Luis Caputo spoke about the idea of dollarization Caputo said: “There are many ways to dollarize, but we believe that now we do not have the dol…
Argentina clinging to floating US dollar, says Caputo
Argentina's Economy Minister, Luis Toto Caputo, confirmed that the Government of President Javier Milei has ruled out dollarization and will maintain the current exchange rate band system, with a floating US dollar.
The finance minister spoke about the results of his trip to the US, said dollarizing “is an alternative,” but not for this moment and gave technical reasons to deny a devaluation after October 26th.
The Minister of Economy, Luis Caputo, said this Sunday that "the dollarization of the Argentine economy is discarded," one of Javier Milei's main campaign promises in 2023.During an interview in LN+, the head of the economic team was asked about the dollarization. "It is discarded," he said. "What is the goal of dollarization in the background? It is: What is the currency exchange mechanism that will allow Argentina to supplement with the fiscal…
The minister of economy talked about the results of his trip to the US, said that dollarizing is an alternative, although not for this moment and gave technical reasons to deny a devaluation after 26 October
Economy Minister Luis Caputo spoke after spending a week in the United States, where he negotiated an agreement with the United States that resulted in specific measures to contain pressure on the dollar, including a $20 billion swap. In an interview with Luis Majul on the LN+ channel, the official reiterated that the floating exchange rate band system for the US currency will continue after the legislative elections on October 26. “Is dollariza…
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