Overview
- Luis Caputo reafirmed the government's economic plan in a closed UTDT student event, saying the fiscal surplus is "untouchable" and ruling out higher public spending to win votes for 2027.
- The minister asked students to persuade relatives to deposit dollars kept "under the mattress" into banks so those savings can support credit and capital markets instead of staying outside the financial system.
- Caputo said the Central Bank has been buying about US$90 million per day and argued those purchases have kept the official dollar higher than it would be without intervention.
- Photos and accounts from the session showed a large student turnout and a viral moment after Caputo signed 1,000-peso bills, prompting him to later clarify he was urging formalization of savings, not limiting dollar purchases.
- Commentators note the message stresses consistency in fiscal and monetary targets but leaves open changes in instruments—exchange rate tolerance, liquidity steps and credit programs—to manage recent market swings and support activity.