Milei lashed out against critics for the value of the dollar

This Monday, the President Xavier Milei shit again against economists and political leaders who warn a exchange backwardness In the dollar valuation -What on Monday lies at $ 1035.75 for purchase and $ 1075.75 for sale, according to the average that the Central Bank makes- and pointed against those who question that this is due to poor government management. «I notice many angry people who speak of Carry Trade And they don’t even know«, said.

The president dedicated several minutes to delve into the exchange policies of his management and assured that it is not a measure related to the fiscal deficit, since the government «does not issue money, then it does not have to sterilize it.» “Inflation is always and in every place a monetary phenomenon that is generated by the supply of money. The dollar level depends on the nominal scale”, Added to the signal of A24.

«We are not motivating a decrease in the dollar,» he continued and insisted: «Those who say that are enough Grossto put it in an educated way. ”

Milei stressed that Argentina «is with a low level of base monetization, which means that – in normal stabilization conditions – it has to jump.» «That naturally generates an appreciation of the currency,» he said and marked: «The weight is strengthening because you had no demand for money, now, with the downward inflation rate, You have an incentive to have pesos in your hand because you are not melted as an ice cream in the Sahara desert”

He stressed that «the Argentine economy is showing a process of strong expansion.» In this sense, the libertarian pointed out that «The dollar has to fall like a piano» And he allocated criticism of former Menemist Economy Domingo Cavallowhom he called «unpresentable.» «While he was Minister of Economy and insulted everyone, he defended the change rate of convertibility ”he said and contrasted the efforts.

“We have fiscal balance; He did not have. This economic program is much more successful than convertibility because we did not have to have hyperinflation to do so, ”he continued and added: «We avoid it, we do not let it run and burst people to show a successful program».

He also highlighted the recomposition of rates «throughout the stabilization process ”. “In addition, we didn’t do expropriation either, we did not do a Bonex plan; We face the process of the passes, we solved it «said. “Argentina has been in deflation for months. Economists become scientists, but you can’t be so thermo to say that we are intervening the economy, ”he added and stressed that the government will not devalue“ in any way ”.

“They ask me to destroy wages so that a couple of satrapas retains capital. We have to work to lower costs, work efficiency: we went down 13 taxes, we returned the money to people. That is why it is important that people look at the fiscal accounts, «he said and added:» If they do not understand that Argentina goes to a permanent fiscal surplus path and we will collapse the country risk, when opening the economy or they will have to have to Going from your business or adapt your return. Here you have to share”

In another section of the interview, the president referred to the recognized «Big Mac Index”, Which measures the sale prices of hamburger in different countries. «Is emanating from heaven? No, you eat it in a place and that’s Real State. We are going to teach the donkey of Axel Kicillof that if you destroyed the capital for so many years the return is very high. That hamburger has a part of the cost and another huge part that is linked to the place that is maintained. That is why the hamburger is expensive here”, He explained.

Along the same lines, he continued with the attack on Buenos Aires governor and described the province to be «A blood bath” “Instead of taking charge, he blames the nation. 30 billion pesos are spent in bribing media because it puts guidelines, needs journalists who say what they want to hear; Everything you spend on children’s hormonization. For more money that you put this useless money, he will spend it, ”he accused.

In another section of the interview, Milei referred to his link with former President Mauricio Macri and the possible alliance of freedom advances (lla) with PRO during this year’s legislative. «The conditions are given so that the spaces are gathering. There are many governors, mayors and legislators who are joining. With the economy that grows, inflation falling, poverty that went from 57% to 36 percent … we are at a level of records; If they are added, it would be a 55% choice and it would mean putting the last nail to the coffin of Kirchnerism. Unfortunately, some prioritize their local businesses instead of ending populism. It requires greatness and thinking about Argentina and not in the box, ”he reflected.

Also gave details about the recent Ramiro Marra departure from the political space he leads And he assured that it is a «district issue.» “The government has three lines of action: management, politics and cultural battle. I take care of management and battle on national issues, I do not put myself with the provinces and the city. The political issue is handled by my sister, along with Guillermo Francos, Caputo … that is the wing that deals with politics, «he said and said:» That said, Ramiro was systematically disconnected from what he was doing in the city, and when he voted in favor of a tax increase -which is the opposite of our philosophy – They executed it. We cannot endorse the tax rise in any way. They say that my sister has a guillotine, well, yes, she has a guillotine: if you do things against the parameters we defend, guillotine. ”

The first president also said that the according to the International Monetary Fund (IMF) It is close to being completed. «He lacks the bun,» he described. In addition, he indicated that it includes “fresh funds” and that from the international agency they did not demand any measure with respect to the price of the dollar.

Meanwhile, he ruled out a retirement reform and said that it will first be necessary to take care of a labor reform. “An aberration of Kirchnerism was to give retirements without contributions, because they doubled the amount of hands. Another problem was that when AFJPs were expropriated, they used funds to finance non -profitable things, «he questioned and said:»40% of the market is in the informal sector, so we must advance in the labor reform so that the informal sector is regularized. That is a functional form. Until the labor problem is fixed, you cannot go for the pension issue. ”