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October 25, 2014
Friday, August 15, 2014

Gov't calls for 'transparency' in disclosing 'blue' dollar

Addressing reporters at the government house, the cabinet chief urged media to publish informal dollar trends “regularly” as he demanded “transparent” disclosing methods.

“We have always categorically affirmed that, since January and till the second trimester, the value of the (US) currency is set by the currency system,” Jorge Capitanich said this morning following a new record high hit by the so called “blue” dollar on Thursday.

“The blue (dollar) is a manipulation of a group of speculators. If there was a transparent market, why don’t they say how much it is being traded as the AFIP (tax bureau) does?” the head of ministers added explaining the office run by Ricardo Echegaray daily discloses a “transparent report” saying “how many people bought and what price they paid” for greenbacks.

“The blue dollar or illegal dollar is absolutely not transparent. Newspapers should identify the traded amount and how many (people) bought it,” Capitanich insisted and called media for “social responsibility.”

“It is a speculative, non-transparent maneuver and media should have social responsibility, guaranteeing the maximum transparency to disclose what amount of dollar and what price (the dollars) were sold and have that published. If they can’t do it, it (because) it is not transparent,” the head of ministers said.

“It is the same as pretending to intervene the drug market. I mean, creating a mechanism to introduce the value of a gramme of cocaine, it is exactly the same,” Capitanich said accusing media, concentrated groups and private-sector consulting agencies of fueling “maneuvers” to take the “blue” dollar rate up.

“Banks and big companies prepare the following speech: first they say inflation is not what the government says it is, it is what private consultants say and then that foreign exchange value is higher but as they say the government does not want to reveal it they disclose the value of the illegal dollar. Their aim is to lead to a higher value of the (US) dollar.”

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Tags:  Jorge Capitanich  cabinet chief  blue  transparent  





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