“Look at the state, a monster that grows by itself,” he added. Ferraro’s comments follow statements made on Thursday by Economy Minister Luis Caputo, who said that dollarization and the closing of the Central Bank are still key goals of the national government. A report by the 1816 consulting firm even raised the question if Caputo would carry out a “stabilization plan” or “a transition towards dollarization”. In a seminar on Friday organized by Adcap Grupo Financiero, PxQ consulting firm director Emmanuel Álvarez Agis said that the government should abandon the idea. “I think we have to stop talking about dollarization because the market is going to start getting nervous,” he said.

Source: Bueno Aires Herald December 17, 2023 02:04 UTC