US EditionCarlos Melconian’s Warning About Reservations: “You’re Going Down the Sewer”
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The economist questioned the real impact of the Central Bank’s dollar purchases and warned that, despite the positive streak, reserves are not strengthened.
The Central Bank has 53 consecutive wheels buying dollars in the exchange market—the best streak in 19 years, since 2007—and the government celebrates it as one of the hallmarks of the economic program. However, for economist Carlos Melconian, behind that buying streak is hidden a paradox that the government prefers not to stress: accumulating dollars is not the same as accumulating reserves. In statements to Radio Splendid AM 990, the former pr…
Economist Carlos Melconian said that the dollars the Central Bank buys are used for payments, so they do not accumulate. The post “There are fewer reserves”: Carlos Melconian questioned the government’s accumulation of dollars appeared first on El Intranssigente.
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