July 11, 2014
Dollar purchase system working 'efficiently', almost 150,000 applications registered
Following the government’s decision to ease the foreign currency crackdown, the week opened with 149,606 applications by Argentineans seeking to purchase dollars. The figures were exposed by Cabinet Chief Jorge Capitanich who explained 242 operations have been registered accounting for 122,273 dollars.
According to Capitanich, the system controlled by the AFIP tax bureau to allow the purchase of greenbaks is working “efficiently,” urging banks to adjust their systems “rapidly” in order to allow a smooth operations flow.
In his daily brief to the press at the government house, the head of ministers called for "trust" in Argentina’s economic policy saying that problems come when “saving and investments” don’t walk hand in hand. “Saving in any of its ways, from dollars to goods, is a result of consumption surplus,” he insisted and rejected what he called the "lies" by some media groups that “have nothing to do with reality” when there is “concrete data tied to the country’s macroeconomic sustainability.”
In that sense, he added that the Cristina Fernández de Kirchner administration has a “comprehensive vision of public policies so that the economic policy can meet its objectives” ratifying that the government’s priorities are the creation of jobs, the protection of regional economies, the reduction of the informal employment, energy self-sufficiency, the increase of exports and imports substitution.