The tension in the exchange market grows again with the rise of the blue dollar and the constant sales of foreign currency by the Central Bank, in response the Government decided to relaunch the agricultural dollar, among other measures. Thus, david miazo chief economist of FADA Foundation He asserted to this medium that “from FADA we have always been quite critical of the measure“, because”We understand that this type of patch, as well as solving on the one hand, harms on the other hand”.
“Our estimate is that sooner or later a dollar would arrive for agriculture, due to the need to settle foreign currency that the Government has with a Central Bank that has negative reserves.”I am the interviewee. Then they said: “Sooner or later we understand that it should be more than regional economies, because it should be something that moves the needle and soybeans should be in.”
One of the fundamental measures for Miazzo is that the value of the official dollar must be honest because “Today the big problem is that the official dollar is a lie, because free dollars are worth double”. “It only stands on the basis of traps stronger and stronger” and “with loss of reserves”, adequate.
“The unification of the exchange rate is a devaluation and today it is not whether or not I want to devalue, whether or not it has more damages” because the peso has already lost its value, it is no longer worth 250 for each dollar“, explained Miazzo. Then he added: “What the government is doing is postponing this for the next government.”
In addition, the economist pointed out that what happens is that “There is not a problem with the dollar, or with any other currency, but the problem is the loss of value of the peso“.
While, “To devalue is to level the accounts, but it only works if behind it there is a responsible fiscal and monetary policy and it tries to generate confidence”. “If there aren’t any of those, devaluing is just going to lose value at a new level,” he concluded.
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