John Micklethwait
๐ค SpeakerAppearances Over Time
Podcast Appearances
As you know, you are a free marketeer.
You believe in free currencies.
And the question is, when will you let the peso go free?
And just to be really clear, the peso going clear, going free, you have broadened the band, but a free currency, you know as well as I do, means without any controls or FX bands.
When is that going to happen?
So that's the role of bands, to limit the volatility.
But when do you think this year you will be able to say you have learnt, you have discovered what that freedom is like, now try it properly and float, let's float the peso?
What is the timing?
The other big test, and it's a fairly simple question, is the international loan markets.
You have raised money at home
domestically, but as you know very well, your predecessor defaulted on the foreign bonds.
The question is very specific.
When will you go and raise money in New York or outside Argentina?
Last year, you famously got a $20 billion swap line from the US, a big success.
When you got it, Scott Besant, the Treasury Secretary, said that you had committed...
as he put it, to getting China out of Argentina.
And you have always been very critical of China, but as you know, China still has a space station in Argentina.
You still have a swap line with China.
What does getting China out of Argentina mean to you?
China doesn't have a space station in the United States, the last time I checked.