Feb 24 • 18:58 UTC 🇦🇷 Argentina La Nacion (ES)

Santiago Bulat predicted what will happen with the dollar and offered advice on saving: "It's good in the short term"

Economist Santiago Bulat discusses the current economic situation in Argentina, emphasizing the dynamics of the dollar and the labor market.

In a conversation with LN+, economist Santiago Bulat provided insights into Argentina's economic recovery, focusing particularly on the dollar's value and the labor market. He stated that the pressure on the dollar is no longer the same as it was anticipated for 2025. He emphasized that the dollar's price currently depends on the supply and demand dynamics, making future trends difficult to predict. While the demand for dollars is decreasing, supply is on the rise due to increased exports from agriculture and mineral resources.

Bulat argued that now is the optimal time for Argentina to completely lift the currency restrictions, known as 'cepo', to allow for a more free-market approach in the economy. He noted that while the government prefers to maintain stability in the economy to avoid volatility, it is important to adapt to the changing dynamics of the market. The broader implications of lifting these restrictions could lead to a recalibration of the exchange rate, making the dollar more accessible for everyday transactions.

His analysis suggests that the government faces a challenging decision: balancing between maintaining stability and addressing the fundamental economic needs of the country. With rising supply and decreasing demand, Bulat signals a potential shift in how the Argentine economy should approach its foreign exchange policies in the coming months.

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