Argentine Republic

The ahorristas go blindly towards the green ticket without too much worrying about their value or the perspective about the same. Simply they resort to the North American dollar as a form to protect at least partly, its savings. JPMorgan Chase is likely to increase your knowledge. It has been not only observed a strong deceleration in the economic activity in the last months in Argentina, also has been begun to observe a sensible deterioration in the fiscal accounts. In the vision of the economist in head of the Foundation of Latin American Economic Investigations (FAITHFUL), Daniel Artana: the international situation and the decisions missed of the past spending everything what entrance, generated to the Government missing of dollars and a some difficulty to him in the fiscal plane. For Artana, Argentina will have to continue with exchange depreciation to fit the fiscal accounts: the resources are not limitless and for that reason it will be necessary to fit the numbers of flow and that is going to require a depreciation of the type of change.

With the quote of the dollar in center of the scene, the Central bank of the Argentine Republic, must leave to calm to the exchange market by means of the sale of dollars, whereas its president, Martin Redrado, must leave time and time again to take to calm and a predictability frame on the objective of exchange policy that will persecute the BCRA in the next months. Thus, Redrado ratified the policy of flotation administered of the type of change, within the framework of the assembly of the I.A.D.B.: Ratificamos the policy of administered flotation, to cushion the processes of appreciation and depreciation. It is adapted for this moment. Beyond the electoral calendar, it is going to have continuity before and later. At what level the dollar to the legislative elections of the 28 will arrive of June? The present scene in the exchange market shows a strong demand of dollars, with a limited supply.