The Director of Banco Nación, Claudio Lozano, proposed to create a currency that is not convertible to the dollar. The official stressed that exchange regulations should be discussed and proposed taking measures to avoid abuses of a dominant position.
The economist said that it should be part of the measures to be implemented by the government to improve the purchasing power of society after the defeat in the PASO. “Why don’t we rehearse the discussion of a currency that is not convertible to a hard currency, to finance social policy and the recovery of the population’s consumption capacity,” he asked.
The leader of the Unidad Popular party and director of Banco Nación gave details of his proposal. “A currency that has all the functions, except that it cannot be exchanged for a dollar,” he said. If one combines this with better exchange regulations and a different discussion of the price system, we can have a different discussion of the economic recovery, ”he said.
“The impact on the exchange rate is not generated by those who receive the Emergency Family Income,” he remarked. In any case, the expansion of consumption that this can generate may imply an absorption of concentrated groups that speculate with the exchange rate, ”he said.