The Minister of Economy, Luis Caputo, announced this afternoon that the economic plan will have a second stage that starts now and a third stage in which the stocks would be lifted.
The economic team, led by the Minister of Economy, Luis Caputoand the president of the Central Bank, Santiago Bausili announced two new stages in the stabilization plan. The second, the one that begins now, aims to lower the interests paid by the BCRA. The third will be the lifting of the exchange rate.
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“We are already in the second stage of the stabilization plan, which consists of going to close the second tap of monetary emissionthe interest that the BCRA pays,” said the official. In addition, Caputo assured: “We are not in love with the exchange rate, we are going to lift it in the third stage of the recovery plan, there is no date yet.”
Second stage of the stabilization plan
As part of the announcements, it was ensured that The BCRA will stop issuing money to finance its remunerated liabilitiesas part of the second stage of the stabilization plan that the ultraliberal Government intends, said the Minister of Economy, Luis Caputo, on Friday.
Caputo leaving the stocks.mp4
“We want to provide greater certainty and greater solidity so that there is no longer any anxiety about when the exchange rate restrictions will be lifted.”he said in reference to the current restrictions for the Argentine exchange market.
