Caputo Rejects Dollarization, Blames Kirchnerism for Political Attack on Economy

Luis Caputo, Minister of Economy in Argentina, ruled out short-term dollarization, citing insufficient US dollars and blaming Kirchnerism for current economic challenges.

• Luis Caputo stated that Argentina lacks the necessary dollars for a successful currency substitution, rejecting the idea of immediate dollarization.
• The United States is expected to continue intervening in the Argentine market, with Caputo asserting that all tools are on the table for managing economic challenges.
• Caputo attributed the political attack on the economy to Kirchnerism, emphasizing that ongoing economic instability requires careful management rather than a hasty shift to the United States dollar.