There will be 'no brusque changes' regarding the peso's value, Boudou

Economy Minister Amado Boudou rejected the possibility that Argentina launches a brusque devaluation to make its exports more competitive, in a scenario in which Brazil is considering devaluating it’s currency for the same reason.

“There will be no brusque jumps anywhere, regarding Argentina’s exchange rate, President Cristina Fernández de Kirchner stressed.

Argentina’s peso has been slowly but steadily decreasing its value. By the end of 2010, the dollar stood at 3.90 pesos and now it does at 4.20 pesos. Thus, so far in 2011 the peso has only devaluated 5.8 percent.

Boudou algo refered to the Rural Society leader Hugo Biolcatti, who earlier in the week said that people voted for President Cristina Fernández de Kirchner in the primaries “because they watch Marcelo Tinelli’s tv show and if they can afford to pay the LCD tv, they don’t care about anything else.”

“Argentines voted based on their ideas, their conscience. There was a lot of freedom and personal vision in the primaries,” Boudou added.

Regarding the international financial crisis, Boudou said that the Government’s aim is “to strengthen the relationship with our Southamerican countries.”