US EditionDomingo Cavallo Again Alerted to the Exchange Rate and Insisted that the Government Should Accumulate Reserves
6 Articles
6 Articles
The former Minister of Economy Domingo Cavallo again questioned Javier Milei’s government’s economic plan. He warned that the current exchange rate does not reflect the real value of the dollar, highlighted the importance of accumulating reserves and defended a bimonetary scheme. In his personal blog, the economist warned that the current scheme “neutralizes profits in deregulation and openness.” He argued that maintaining very high real rates a…
The former Minister of Economy again questioned the direction of the government and warned that the overvaluation of the weight and the real high rates slow the activity. He asked to lift the stocks, accumulate reserves and define a bimonetary system.
The former minister criticized the government’s “confusion” in its relationship with the IMF, alerted for weight overvaluation, high rates and lack of reserves, and put forward a simultaneous package of measures to prevent further setbacks.
The former Minister of Economy outlined the weaknesses of current management and suggested a series of measures implemented together for economic growth.
The economist warned that the current scheme neutralizes progress in deregulation and openness. He pointed out that real interest rates are generating lateness and breakdowns, while weight overvaluation affects competitiveness and puts pressure on inflation. Read more
In his new column, Domingo Cavallo warns that the overvalued weight and the very high real rates could dynamite Milei's stabilization plan.
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