The Executive of Javier Milei has responded to the statements of his spokesperson, Adrián Ravier, who suggested that the dollar could reach $1800. Casa Rosada assures that there are no changes in monetary policy.
The Argentine Government has categorically denied any modification in its exchange rate strategy this Friday, after presidential spokesperson Adrián Ravier hinted in a public intervention that the dollar could trade at $1800 in the coming months. The controversy forced Casa Rosada to issue an official denial.
High-ranking officials from the Executive pointed out to several media outlets that “there is no modification in the current exchange rate strategy.” They described Ravier's words as an error and emphasized that the hypothesis of a dollar at $1800 “is completely ruled out” from the official planning.
The incident occurred during Ravier's participation in the program La Misa, hosted by streamer Daniel Parisini. There, the spokesperson reviewed the historical evolution of the exchange rate and commented that the Macri administration went from a dollar at $15 to one at $60, and that a similar jump today would require an increase from $1500 to $6000. His words unleashed a wave of speculation about a possible devaluation of 13% to 20% of the peso.
Sources from the ruling party expressed their displeasure at what they consider a new communication misstep by Ravier. Since his appointment, the 46-year-old economist has faced recurring criticism for his performance, and this episode has revived rumors about his continuity in the position. However, the Government has decided for now not to issue an ultimatum.
To reinforce their message of stability, Casa Rosada reminded that the Central Bank has been buying dollars, which they interpret as a sign that the exchange rate remains firm. Milei's administration insists that there are no plans for devaluation and that monetary policy continues its course.
This episode highlights the sensitivity of the exchange rate issue in Argentina, where any comment about the dollar can generate turbulence. Investors and analysts are closely monitoring the signals from the Executive, which seeks to maintain confidence in its economic program.
For now, Ravier's continuity as spokesperson seems assured, although his margin for error has been reduced. The Government is confident that the controversy will dissipate and that the focus will return to economic management, without exchange rate shocks.
You may also like
