The economist and former minister Hernán Lacunza commented on the current situation in Argentina amid the controversy over the value of the dollar. In an interview on Radio Rivadavia, Lacunza stated that 'no one will give dollars to Argentina so they can sell them cheap' and pointed out that the currency history of the country is like 'spending a couple of years abroad and then coming back.'
Lacunza also warned about the government's 'intolerance' to divergent opinions and mentioned that previously it was Chileans who came to buy in Mendoza, while now the situation has reversed.
The former minister emphasized the importance of the exchange rate for the government, although he questioned the effectiveness of measures like the currency control. According to Lacunza, Javier Milei's government has a long-term plan, but he noted that international reserves have not increased in the last eight months.
Regarding economic policy, Lacunza considered that the government cannot lift the currency control without an agreement with the IMF and added that 'no one voluntarily devalues.' He highlighted the importance of having solid fundamentals like fiscal balance and compared the responsibility in private administration with public administration, where mistakes affect everyone.
These statements from Hernán Lacunza reflect his critical view of the current economic situation in Argentina and raise several challenges the country faces in terms of currency and fiscal policy.
