Economy minister Axel Kicillof has questioned the record rise of the parallel ‘blue’ dollar, suggesting that those behind the unofficial currency were looking to spread panic in the Argentine economy.
«There are no economic nor financial reasons why the dollar should be at 15 pesos,» the minister fired during with an interview with Radio Del Plata.
«Nothing is coincidental, the rise in the ‘blue’, the vulture funds, the words of the United States embassy,» he continued, referring to US attaché Kevin Sullivan’s assertion that the country was in default, that was quickly rebuffed by the Foreign Ministry.
Kicillof outlined what he saw as «the vulture funds’ five-point plan: an attack on the currency to force devaluation, personal attacks on the president, stopping the payment of upcoming debt obligations, blocking financing and waiting until 2016.»
Source: Buenos Aires Herald