Overview
- In a new interview, Carlos Melconian said the current “incomplete” float will be replaced by a fuller foreign‑exchange setup and asserted the government will not devalue, framing any move as market‑driven.
- He warned there are “no more rabbits in the hat” after the September 9 operation linked to Scott Bessent and about US$20 billion, which he described as the last big one‑off fix.
- Melconian argued the banded system has failed to accumulate reserves and lacks a defined path for the exchange rate.
- He called for a concrete calendar to buy foreign currency and to service dollar debt, adding there should be monetary‑policy announcements within roughly 15 days.
- He questioned using a potential U.S. swap for debt payments, said legal review is still under way, urged clearer official communication, and criticized Economy Minister Luis Caputo’s “$1,500” comment on the exchange rate.