He Government Argentina faces a significant challenge: keeping the parallel dollars in line while international reserves continue to decline. In this context, the economic team has outlined a strategic plan that seeks to stabilize the economy and ensure compliance with debt obligations.
This plan focuses on several key pillars, including restricting the issuance of pesos, implementing fiscal measures, and the relationship with the International Monetary Fund (IMF). One of the central components of the plan is the Government is the restriction on the issuance of pesos.
This measure aims to reduce the pressure on financial dollars, known as parallel dollars, which include the cash settlement dollar (CCL) and the MEP dollar.By limiting the amount of pesos in circulation, the Government hopes to reduce the demand for these dollars and, therefore, stabilize their price.
The economic team has assured the market that it will maintain this restriction, which implies strict control over the monetary base. This restrictive monetary policy is seen as a way to anchor inflationary expectations and avoid a further devaluation of the peso.
In addition to the restriction on the issuance of pesos, the Government has implemented a package of fiscal measures aimed at increasing the supply of dollars in the financial market. These measures include incentives for companies and individuals to sell dollars through the cash settlement and the MEP dollar.
By increasing the supply of dollars, the Government The economic team also stressed the importance of maintaining a fiscal anchor.This means that the Government is committed to maintaining a financial surplus, which implies rigorous control of public spending and efficient management of fiscal resources.
Reaction
The expectation is that by maintaining a surplus, market confidence can be generated and inflationary pressures can be reduced. The relationship with the IMF is another crucial aspect of the plan. Government.
Although a new agreement with the international organisation has not yet been formalised, the economic team has made it clear that it is willing to meet the fiscal and monetary targets set out in the current programme. This includes reducing the fiscal deficit and accumulating international reserves.
