News Daily Spot: Macri says to exchange restrictions "has done well"

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Macri says to exchange restrictions "has done well"

Argentine President Mauricio Macri, said today that the lifting of foreign exchange restrictions, finalized last Thursday his government "has done well" and said the biggest problem now is to lower inflation.

"We have released this lock that did not allow us to grow, this bad patch that had implemented the previous government, and the reality is that it has done well and that we are going to generate a new level of growth," said Macri in a Press conference.

Macri, who took office last December 10, welcomed the measures adopted last week to "start to Argentina".

"I am very optimistic. The reaction has been very good, I think that will start generating activities all over the country and will re-create new jobs, "he said.



However, he said that after the end of the so-called "trap" the dollar, which resulted in an accumulated devaluation of 33% until today, have been detected "some slippage of prices of basic goods."

In this regard, he announced that he will give an additional contribution of 400 pesos ($ 30.5) for all children beneficiaries of the universal child, pregnant mothers and pensioners who charge the minimum pension before year-end.

The measure, benefiting 8 million people, will have a fiscal cost of 3,300 million pesos (252 million dollars), said the president.

As for price increases in recent weeks, Macri said the government is "talking with entrepreneurs," but warned that if the government did not achieve a "support" from the private sector, resort to open imports "and bring additional supply to correct the problem of prices."

"Our big problem is devote ourselves to lower inflation. And that's important dialogue between government, workers and businesses and agree on how we travel this way all responsibly, "Macri said.

He said he expects this roundtable, including wage negotiations for 2016, a "generous and intelligent attitude."

"I remain optimistic. I see a good mood in Argentina, a joy, a liberation, a desire to succeed, "said the president, who attended today in Asuncion to their first Summit of Mercosur.

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