Guzmán: There will be no devaluation

[MilHojas]

Martín Guzmán: ‘There will be no devaluation’

Argentina’s economy minister plays down rumours of an upcoming devaluation, declares that record US$57-billion IMF credit-line was “a political loan” that helped finance Mauricio Macri’s re-election campaign.

www.batimes.com.ar

And we believe him

 

[on the brink]

Martín Guzmán: ‘There will be no devaluation’

Argentina’s economy minister plays down rumours of an upcoming devaluation, declares that record US$57-billion IMF credit-line was “a political loan” that helped finance Mauricio Macri’s re-election campaign.

www.batimes.com.ar

From what I remember, that's always been the sign that a devaluation is coming.

 

[antipodean]

From what I remember, that's always been the sign that a devaluation is coming.

Last time he said that, the peso was at around 70. Now it is at 104,75. Because a change of only 48% is not devaluation apparently...

 

[jblaze5779]

How much do you think he gets in bonuses to lie like that? I noticed the article said that none were planned BUT that they do occur.

 

[Redpossum]

"Never believe anything in politics until it's been officially denied."
Otto von Bismarck

I actually laughed out loud when I read that headline. Sure thing, Guzman. Uh huh.
Just how stupid do we ******* look, that anyone would expect us to believe such transparent nonsense??

In his favor, at least he had the courage to speak this home truth -

“Ending dependence on the IMF is an act of sovereignty. The IMF is the main problem that Macri's government left Argentina. It financed Macri's election campaign and today the Argentine people are paying for it with fewer job opportunities and more inflation,” he said, describing the 2018 record US$57-billion credit line as a “political loan… in support of the previous government” that had the approval of the United States government.

 

[Dougie]

When they need to come out and say there won't be a devaluation, you can be as sure as sh*t that there will be.

I remember when Macri came out and said no pasa nada, tranquilo, I knew it was all about to go to hell!

 

[Quilombo]

"There will be no devaluation."