The Casa Rosada responded to the statements made by Adrián Ravier, who suggested that the dollar could reach 1,800 pesos in the coming months. Official sources described the presidential spokesperson's words as a "mistake."
The government of Javier Milei has firmly denied the statements made by its own presidential spokesperson, Adrián Ravier, who had opened the door to a possible rise of the dollar to 1,800 pesos in the coming months. From the Casa Rosada, they assert that there are no changes planned in monetary policy or exchange rate strategy.
"There is nothing; Ravier was mistaken," summarised sources from the upper echelons of the executive, in an attempt to quell any speculation about a potential adjustment of the exchange rate. The clarification comes after the spokesperson himself stated in an interview that a jump of the dollar to 1,700 or 1,800 pesos was "a possibility."
Ravier's statements were made during his participation in the programme La Misa, hosted by Daniel Parisini (known as Gordo Dan) on the pro-government streaming platform Carajo. There, the spokesperson compared the evolution of the exchange rate with past episodes, such as the administration of Mauricio Macri or the crisis of 2002, to argue that a scenario of 1,700-1,800 pesos was feasible.
"When one looks at what happened to Macrismo, they were at an exchange rate of 15 pesos, it went to 60. Quadrupling the exchange rate would mean that today we go from 1,500 to 6,000. In 2002, the exchange rate went from 1 to 3; it would be like today going from 1,500 to 4,500. No one sees that scenario. Now, for the exchange rate to reach 1,800, to 1,700, in a few months is a possibility," Ravier stated.
However, hours later, the executive sought to downplay the impact of those words. "That is ruled out. It is not in the planning," official sources emphasised. Another significant source within La Libertad Avanza indicated that the continuity of the current exchange rate scheme is reflected in the recent interventions of the Central Bank.
"Look at the amount of dollars that the BCRA has bought in recent days. The dollar's value is maintained by the Central Bank's purchases," they explained, dismissing a correction as mentioned by the spokesperson.
Ravier's statements caused discomfort within the ruling party itself. Although some libertarian leaders tried to maintain that the official had been "taken out of context," an important source from the space acknowledged that "he has been slipping." "He is a good communicator; we hope he doesn't slip up again," they noted from the libertarian environment.
For now, Ravier will remain in his position, although criticism has grown internally. "He has been making a mistake a week," admitted sources from the ruling party. In Balcarce 50, they closely monitored the market's evolution to check if the statements had any effect on the dollar's quotation.
This Friday, the official retail dollar closed in a range of between 1,515 and 1,520 pesos, approximately 0.3% above the previous day. Although the rise was slight, the quotation reached its highest value so far this year.
For investors and savers, the key is that the government maintains its strategy of Central Bank intervention to uphold the exchange rate. No abrupt changes are expected in the short term, beyond the usual volatility. Those closely following the dollar's evolution should pay attention to upcoming monetary policy decisions, although for now, the official roadmap remains intact.
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