Friday, May 25, 2012

Argentina is "Desdolarizar" its economy

"You call it with the vernacular, depending on the size you have everything we said, approve the so in time AFIP to do so, at the official exchange rate, to sell, that is, what we are interested in us", said Telefe channel to the TV.

For his part, instructions, the controversy caused the owner information financial unit (UIF), José Sbatella, admitted that these restrictions provided for the preference of the Argentines by the greenbacks, put an end to areas.

"By hook or by crook we need monetary policy sovereignty to recover," he said.

The official added that "the Dedollarization which requires limiting the ease Argentina things were done".

Must

But many analysts believe that the measures introduced by the Government is not part of a patriotic initiative, but a necessity: you get $ to pay the growing import of fuels and public debt, which between interests and maturity of capital will represent a commitment of $ 12 billion in 2012.

"The Government wants to anticipate of a more adverse global arena to the care of the box this year", believed the journalist Gustavo Sylvestre, political analyst of the America Channel 24.

There are several limitations with a view to the countryside: in addition to the international scene more hostile and the problem of the issue of $ Argentina faces has difficulties in accessing the capital market yet, which were based after the bulky default of not, regularised in a their situation in 2001.

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