Melconian warns there is serious capital flight in Argentina

Economist Carlos Melconian warned that “ Argentina is facing a very serious case of capital flight, and it has been going on for the last 48 months,” in an interview in Ambito de debate tv show.

“The only reason why there should be capital flight in Argentina this year is the presidential elections. Otherwise, there is no other element that could explain this process,” Melconian added.

“This phenomenon has been largely unnoticed because at the same time 98 billion dollars have entered Argentina in the last few years due to soybean exports, although they are the only dollars that have entered Argentina," he added.

Ambito de debate is Ambito Financiero's tv show, which airs 11 pm Thursdays on Canal 26 cable news network.