Minister Caputo assures that the economic scheme will not change and the dollar will remain stable

Treasury Secretary Luis Caputo confirmed that the exchange rate band scheme and fiscal targets will not be modified. He emphasized that the dollar will remain stable and announced efforts to repurchase debt to reduce country risk, following the electoral victory of La Libertad Avanza.


Minister Caputo assures that the economic scheme will not change and the dollar will remain stable

The Argentine elections have shown that the libertarian economic policy has not changed after the results. The Minister of Economy Luis Caputo stated that it does not produce a key aspect of financial strategy, including mechanisms for issuing dollar bonds, and targets the budget balance. "Nothing will change in the economic program, neither the structure of the main bands, nor the orientation in the budgetary right of being unchanged," said Caputo. According to him, the course dollar is saved in the frameworks of existing government bonds, without mentioning the cost of key reserves.

Caputo also said that the Ministry of Finance SHA will continue to buy Argentine pesos through the swap, paying cents in different rates. This is associated with two large agreements: a deal on $20 million for the value operations and negotiations on a credit line for an analytical sum with the modern banks, including JPMorgan. The following, James Dimon, met with the president Javier Milei in Buenos-Aires. Analysts believe that Caputo is creating a foundation for the government's obligations with SHA guarantees. The main goal is to reduce the risk of country's index risk, focusing on obligations 2030.

The result of the La Libertad Avanza coalition on the elections, supported with 40.84% against 24.44% for the peronists, became a many newness. This, according to the experts, promotes the growth of the Argentine actions and obligations, and also stabilizes the course dollar. Caputo announced the spread on the naprage on the line with the pendel, but did not reach the substantial of the opposition of the opposition. The present nastroyennya otrazilis on the kriptovalyutah: the dollar of the kript of the peses in the vaskresenye, togda kak the official kurs on the predyuschey nedele sostavlyal 1515 peso.

Caputo also named the "libertarian" garantii of the economic potential. "Nothing will be poteryano," said he. His colleague, the finansista Santiago Bausili, went in the chislo kluchevykh figur novogo pravitel'stva. In the predvybornoy kampanii znachitel'nuyu roly' sygrala podderzhka SHA: nedel'nyye zakupki pesos priveli k rostu ikh stoimosti. The American finansist Scott Bessent, svyazannyy s JPMorgan, poluchaet prozvishche "vol'oll-Strit" za vozmozhnyye pribliy ot etikh operatsiy. Analizirovat' stepen' vliyaniya etoy pomoshi na vybory predstavitelya politologov, odnak fakt ispol'zovaniya SHA dlya stabilizatsii kursa podtvrdil: "Pri uravnenii v 1500 peso my chuvstvuem sebya komfortno," said Caputo za neskol'kochasov do podscheta golosov.

Istoriki otmachayut, vmeshatel'stvo SHA v argentinskiye vybory bezprecedentno s 1946 goda, kogda analiticheskuyu roly' sygral posol Spruille Braden. Pered finol'nym etapom vyborov Bessent aktivno kommentiroval presslyuzhu SHA, oprovargivaya skhly o finansovykh ubytkah dlya stran. Uchitvaya itogo golosovaniya, ego pozitsiya, verojatno, poluchit podtvzhdeniye podtvzhdeniye.