Luis Caputothe Minister of Economy, recently gave a speech at the Córdoba Stock Exchange that has generated considerable interest and debate. During his speech, Caputo addressed several crucial issues for the country’s economy, including the expected lifting of the exchange rate restrictions, the need to launder capital and a call to entrepreneurs to invest in the country.
One of the highlights of the speech Luis Caputo was his reference to the end of the exchange rate restrictions. The minister emphasized that, although the elimination of exchange restrictions is inevitable, attention should not be focused on the exact moment when this will occur, but on how it will be carried out.
“The lifting of the restrictions will come soon, there is no need to worry if it is lifted a month earlier or a month later,” he said. This statement is intended to reassure markets and the population, suggesting that the government is taking a careful and planned approach to avoid any kind of economic shock.
Caputo also stressed that current conditions are not yet suitable for lifting the currency restrictions. He mentioned stock and cash flow problems, as well as the need to clean up the Central Bank’s balance sheet. “This is a country that is very sensitive to exchange rate shocks, don’t worry, we will come out fine and there will be no problem with the restrictions,” he said.
This stance reflects a long-term strategy, where the priority is to stabilize the economy before making significant changes to exchange rate policies. Another hot topic in Caputo’s speech was money laundering. The minister called on those who have not yet regularized their funds, urging them to take advantage of the opportunity offered by Javier Milei’s government.
“There have been plenty of reasons to evade taxes, to work in the informal sector, to avoid taxes, we agree, but if we want to build a new Argentina, it is an opportunity for everyone,” he said. Caputo He was emphatic in saying that those who do not launder their wealth should not complain about the government’s economic policies.
Bleach
Money laundering is a measure that seeks to attract undeclared funds into the formal system, which could provide a significant boost to the economy. Luis Caputo He stressed that this is the right time to do so, as the government is making a considerable effort to stabilize and improve the country’s economy.
“I’m not saying that whitewashing is a duty because it is optional, but I tell people who ask me, look, if you’re not going to whitewash, don’t complain. Everyone is making a phenomenal effort, it’s time to do it,” he added.
