Overview
- In new interviews, Carlos Melconian labeled the current setup an "incomplete floating" and said the government will not devalue but the exchange-rate regime itself should evolve.
- He pressed for monetary policy announcements within about 15 days, warning that high rates and tight liquidity have stalled credit and activity.
- Melconian urged a concrete plan to meet dollar debt obligations and a defined calendar for dollar purchases to rebuild reserves.
- He criticized Economy Minister Luis Caputo’s past remark that he was comfortable with a 1,500-peso dollar and said official communication has not set a clear FX direction.
- Pointing to the reported US$20 billion US Treasury support, he questioned its usability for debt service, noting Federal Reserve lawyers are still reviewing it and suggesting such funds are better suited to FX market operations.