Oddone urged to save in pesos because “it is much more profitable” than in dollars
Given the depreciation of the US currency, the Minister of Economy said that the government “He has no vocation to fix” Its price.
The head of the Ministry of Economy and Finance (MEF), Gabriel Oddone, referred to the depreciation of the dollar in the country and assured that “It goes in line with what is happening in the world.”
He also indicated that monetary policy “You can’t do anything to avoid it”.
“The Government has no vocation to set the price of the dollar. Therefore, I, as Minister of Economy, I cannot do a forecast on the value of the dollar. That is the function of market analysts, who are the ones who do evaluations (as what I did before dedicating myself to this business),” The former CPA Ferrere said at a press conference consigned byTelemundo(Channel 12).
In this regard, he assured that the dollar “It does not constitute a policy goal” For the Government.
In turn, the MEF hierarch indicated that “In these low inflation contexts” —4.20%, according to the last measurement— “Anyone who makes the numbers can find that it is much more profitable to save by weight” Uruguayan than in dollars.
“Of course” That this entails a risk, he warned, that is the “An eventual devaluation”.
Anyway, he insisted that “Any financial analyst […] You will find that savings in domestic currency make much more sense. ” In addition to what “Most people pay.”
