For the economist Orlando Ferreres “It is never time to dollarize the economy”






© Pablo Cuarterolo


The former Vice Minister of Economy and economist, orlando ferreresin dialogue with the 990 program “Sin Relato” by La990, considered that the dollarization of the economy argentina “it would be nice if one could do it at a reasonable exchange rate”.

For Alfonso Prat-Gay, Javier Milei hides “a Bonex plan” for wanting to dollarize the economy

But he immediately assured that “you have to exchange many currencies that are in pesos, such as leliq, and a Bonex plan is required or something like that to be able to modify all that number. But, would not reach the reservesbecause later we have to manage with the dollar as currency,” he said.

For this reason, he considered thatIt is never time to dollarize the economy” and added that “that could be done when there is hyperinflation or something very risky that one has to play in a definitive way”. To exemplify his argument, Ferreres used the case of Ecuador.

Dollarization of the Argentine economy, a dilemma installed by Javier Milei

When asked by Antonio Fernandez Llorente Regarding the cause of inflation, Ferreres did not hesitate to answer that the main cause “it’s the little machine”, in relation to the broadcast, to which he added that; “begins to be multi-causal once it has already been generated”, in reference to the origin that he first attributed to it.

He also considered that inflationit is an endemic disease that is at least eight decades old. More or less it comes from 45, which started in 1939 at the time of the Second World War; and there it was necessary to put some price controls or something like that, but very circumstantial”, he commented.

SE / LR

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