Sergio Massa: “We are going to use all the tools of the State to order this situation”

The Minister of Economy, Sergio Massa, referred on Tuesday to the rise of the blue dollar and assured that he will use “all the tools of the State to order” the economic situation. He also announced that they will change in the “rediscussion of the Program” with the International Monetary Fund.In a thread of tweets, the head of Finance attributed the increase of the currency in the parallel market to an “atypical situation of rumors, versions and false reports.” For several days we have been experiencing an atypical situation of rumors, versions, false reports and their consequent impact on financial instruments linked to the dollar,” the official began. We are going to use all the tools of the State to order this situation and in that sense we notified the IMF of the restrictions that weighed on Argentina and we are going to change in the rediscussion of the Program.— Sergio Massa (@SergioMassa) April 25, 2023 “We are going to use all the tools of the State to order this situation and in that sense we notified the IMF of the restrictions that weighed on Argentina and we are going to change in the rediscussion of the Program,” he continued. In addition, he warned that they will resort to the economic criminal justice to investigate “some behaviors” and to the Financial Information Unit (UIF) and the National Securities Commission (CNV) to analyze “operations linked to money laundering.” At the same time, we will continue with the agreements of multilaterals, exporters with transformation of exports to yuan and the disbursement agreement with the IMF to strengthen the reserves that were damaged by the impact of the drought.— Sergio Massa (@SergioMassa) April 25, 2023 “At the same time, we will continue with the agreements of multilaterals, exporters with transformation of exports to yuan and the disbursement agreement with the IMF to strengthen the reserves that by the The impact of the drought was adversely affected,” he said. In the course of the day, the bill reached $ 497 in the parallel market and was on the verge of 500 pesos. However, after 13, it fell back to $ 488.Minutes before the dollar began its vertiginous escalation, the Government made explicit its support to the Minister of Economy. ” In difficult times you have to have temperance, said our Minister of Economy. In addition, unity and solidarity. As Chief of the Cabinet of Ministers, I support @SergioMassa to face the challenges of the present and those to come,” said Agustín Rossi.In difficult times you have to have temperance, said our Minister of Economy. In addition, unity and solidarity. As JGM, I absolutely support @SergioMassa, to face the challenges of the present and those to come— Agustín Rossi (@RossiAgustinOk) April 25, 2023

Original source in Spanish