The judicial problems in the U.S. following the crypto scandal unleashed by Javier Milei and the meme coin LIBRA have been a prominent topic of discussion among economists in Argentina. One of the key points has been the debate over the overvaluation of the peso and the supposed "undervaluation" of the dollar, which has generated tensions among various actors, such as Milei and Domingo Cavallo. In this regard, economist Juan Carlos de Pablo has emphasized the importance of addressing this issue from a professional perspective, beyond individual positions.
According to De Pablo, the discussion about the exchange rate is characteristic in the economic sphere and may vary depending on circumstances. He mentioned that, if necessary, the exchange rate will be adjusted, thereby distancing from old strategies such as MartÃnez de Hoz's tablita or Cavallo's convertibility. The expert has highlighted that it is essential to observe the government's actions regarding the dollar's quotation to foresee possible movements.
Amid the controversy generated by the crypto scandal, specialists are attentive to the evolution of the situation and its possible impact on the country's economic indicators, especially the exchange rate. De Pablo has indicated that, so far, the event in question has not had significant repercussions on the real economy, such as sharp changes in prices or store closures.
Analyzing the potential future development, the economist has ruled out, in the short term, a significant impact on the dollar's quotation due to the LIBRA gate. He emphasized the importance of observing whether the Central Bank conducts massive dollar sales as an indication of possible changes in the currency. In this regard, De Pablo has stressed that the economic situation is dynamic and its evolution depends on various factors, so it is crucial to maintain a professional outlook supported by objective data.
