2023-12-04 18:44:40
There are many doubts about what the equilibrium exchange rate will be once the stocks and restrictions on the Single and Free Exchange Market are lifted during the administration of Javier Miley.
In this context, the team Channel E He contacted the economic analyst Damian Di Pacewho spoke about the price of an eventual free exchange rate in the country.
Exchange rate
“About four years ago, Alberto Fernández had declared that the dollar at 60 pesos was fine. We have to look at many issues to know what the correct price of the dollar will be without stocks,” said Di Pace.
“As the exporting dollar is at that level, we would seek to converge to that exchange rate,” explained the analyst. “The acceleration of prices evades the competitiveness of the exchange rate, when there is devaluation inflation will accelerate”he added.
Likewise, the interviewee said that a very high exchange rate can generate problems in the Internal market.
Taxes
On the other hand, Di Pace said that the VAT modification has a half sanction and will lose its validity after December 31. Furthermore, he explained that the Tax on Profits are creating a problem for governors.
“They are looking to share other taxes and I cannot imagine Javier Milei repealing or putting another cap on Profits. The low tax is his flag, so he will surely cut public spending to compensate.”he explained.
“Javier Milei’s fear about the Leliqs is that the honeymoon will end and the demand for money will fall.”that is why it seeks to eliminate paid liabilities”added the specialist.
Finally, Di Pace said that there are several stocks that will be able to be released in the short term. “To get out of the trap you need dollars and that window can occur during March to June,” he concluded.
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