July 25, 2014
Redrado: 'This crisis will be solved boosting offer of currencies'
Former Central Bank chief Martín Redrado today harshly rejected the relaxation of currency controls by the government saying that “to inflationary policies the government is now adding foreign exchange improvisation.”
In a communiqué released by the Renewal Front led by Sergio Massa, the economist who is part of its team, affirmed “in the short term the government must generate policies to raise the dollar offer. This crisis will be solved boosting the currency offer. It is difficult to raise the offer of dollars with improvisation, with steps forward and steps backwards.”
“Argentina has got the capacity to raise the amount of dollars with a plan,” he concluded.