Financial analyst Salvador Di Stefano pointed out that currently it is more beneficial to invest in Argentine pesos, considering that the dollar is no longer as attractive as before. He suggests making fixed terms or investing in mutual funds in the local currency, instead of acquiring dollars.
In this regard, Di Stefano mentions that the Argentine Government seeks to capitalize the Central Bank with the entry of millions of dollars, which would be key to lifting the currency restrictions. He explains that once the restrictions are lifted, it could shift to a freely floating exchange rate, without government interventions.
Regarding country risk, the expert states that if the restrictions are removed, significant changes in that indicator could occur. Concerning the possibility of devaluation, Di Stefano believes that the exchange rate is lagging and that the amount of dollars compared to pesos could influence the value of the U.S. currency.
In terms of investment recommendations, Di Stefano advises avoiding bonds and stocks for now due to market corrections, but suggests considering these options once the adjustment concludes. He highlights that with an economic program that maintains a fiscal surplus, the likelihood of devaluation decreases.
In relation to the current currency restrictions in Argentina, the expert mentions that the situation could change in the near future, especially regarding negotiations with the IMF. However, he points out that an agreement with the international organization will not be immediate.
Di Stefano concludes that in the current scenario, where the dollar is no longer sought as a value store, it is advisable to consider investment alternatives in Argentine pesos. He recommends making fixed terms as a profitable option in the current economic context of the country.
