The debate over whether to release the stocks has been ongoing for several years, with Daniel Artana and Javier Milei taking opposing views. In December 2015, Artana, an economist at Fiel, explained that Mauricio Macri got out of the stocks on the day the newspapers reported it, signaling a departure from the restrictions put in place during Néstor Kirchner’s time. This move was significant as it set the tone for Macri’s economic policies and was well-received by the public.
On the other hand, Milei has been more cautious in his approach to getting out of the stocks. While he promised to do so quickly, he has not followed through on that promise. This has left many entrepreneurs and CEOs wondering when the restrictions will be lifted. They are eager to have more flexibility in buying dollars for imports and conducting business without the constraints of the current regulations.
The government has hinted at a potential delay in lifting the stocks, citing various reasons such as the need for financing at negative rates and concerns about the sustainability of government debt if rates turn positive. Economists have also highlighted the benefits that the government has derived from the stocks in terms of financing and liquidity, making it a complex decision to fully dismantle the controls.
Several studies have supported