The director of Banco Nación proposed to create a new currency that cannot be converted to the dollar

The ruling party analyzed that the harsh defeat in the PASO has to do with the economic crisis. While the Government prepares several measures to “put money into the pocket of the people,” the director of Banco Nación, Claudio Lozano, proposed another idea that attracted attention: create a new currency that cannot be converted to a dollar.

With the aim of recovering the consumption capacity and guaranteeing the purchasing power of society, the economist launched this idea: “Why don’t we rehearse the discussion of a non-convertible currency?”

Interviewed in C5N, a Lozano they asked him to expand on his idea: “A currency not convertible to foreign currency, not convertible to hard currency for finance social policy, and the recovery of the population’s consumption capacity “.

“A currency that has all the functions, except that it cannot be exchanged for dollar”, Remarked the former national deputy. He also commented: “If one combines this with better exchange regulations, and with a different discussion of the pricing system, we can have a different discussion of the recovery of economic activity. “

On the other hand, Claudio Lozano also expressed his opinion about the defeat of the Frente de Todos in the PASO: “There is a cocktail where anger, disappointment are mixed. It is something that we have registered in some tours in the neighborhoods. It’s something that walking the neighborhoods it shows “.

“In that sense, the most important thing is that in order for us to regain space, there must be listening. There must be a substantive change in the direction of management“said the director of Banco Nación.

Claudio Lozano: “Guzmán has to modify the general orientation of his policy”

In addition, the economist insisted on discussing exchange regulations: “It cannot be only with a financial alchemy with the purchase and sale of bonds where I also spend reserves. We must discuss the parallel markets of the dollar. See if it makes sense to keep them the way they are working“.

“Since October last year, the level of fiscal adjustment was not compatible with a society like the one we have,” Lozano said, adding: “I do not believe that a universal income can not be financed. It is debatable that the subsidies cannot be debated. “

“We must modify the conditions of inequality. If we do not modify the distribution of income, the market for the rich is very small. You have to think about a social control, to seat all the actors to stop the abuses of the dominant position, “he concluded.


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