Overview
- Luis Caputo, who spoke Tuesday, said the government does not expect major exchange‑rate volatility in 2027 but is preparing contingency tools in case pressure appears.
- He listed official buffers and instruments that officials say can absorb shocks, including reserve purchases, currency swaps, RIGI inflows and a central bank purchase capacity officials estimated up to about US$30 billion.
- Caputo forcefully rejected calls for a devaluation, calling proponents “momias” who would produce lower real wages, and said productivity should come from lower taxes and fewer regulations.
- He used sharp political language against Axel Kicillof and kirchnerismo and argued that investor fear of a Peronist return is the main driver of recent market moves, linking market calm to the government’s electoral prospects.
- The remarks came ahead of a planned Paris trip with President Javier Milei for Argentina Week, where the administration will seek foreign capital and publicize its reform agenda to reinforce investor confidence.