News Daily Spot: Kirchner criticized the elimination of the "trap" the dollar in Argentina

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Kirchner criticized the elimination of the "trap" the dollar in Argentina

The Argentine deputy and former Economy Minister Axel Kicillof question the decision of the Government of Mauricio Macri to remove restrictions on the purchase of dollars, a move he described as "devaluation" today.

EFE

Kicillof, who was finance minister in the last two years the government of Cristina Fernandez (2007-2015), considered that the ad is "quite orthodox in line with what always raised the International Monetary Fund (IMF)."



Finance Minister Macri, Alfonso Prat-Gay, announced today that starting tomorrow will lift the so-called "dollar trap" and can be accessed currency without prior authorization from the Treasury.

"This is a devaluation, it has another name," said Kicillof, as published by the newspaper La Nacion.
"And what strikes the pockets of workers we will find us on the side of the majority," said the former minister.

He agreed with the deputy Héctor Recalde, also block Front for Victory (FPV).
"We denounce coming devaluation. This is not 'sinceramiento'. It's devaluation and adjustment, "he said.

Kirchner deputy Edgardo Depetri also criticized the measure.

"It's not about the end of the trap but a brutal devaluation that will triple the profits of exporters while wages liquefy" he said.

The lifting of the "trap", one of the main campaign promises Macri, starting tomorrow will end with a complex assembly of restrictions on access to foreign currency introduced in 2011 to try to contain the fall in reserves.

According to Prat-Gay said, the government will work to the extent not move to inflation, which will close the year above 25 percent according to private estimates.

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