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Carlos Melconian criticized the government's move to get dollars out of the mattress: "The joint doesn't stain."

Carlos Melconian criticized the government's move to get dollars out of the mattress: "The joint doesn't stain."

Former Banco Nación president Carlos Melconian analyzed the recent measures announced by the government to facilitate the use of dollar mattresses . While he considered the measure to be appropriate, he clarified that it is not a structural solution nor will it have a significant impact on Argentina's economic informality.

For the economist, the repeal of regimes like the CITI and COTI, which required reporting of minor commercial transactions, is the right step: "That didn't require a press conference or formal presentation. It's a logical administrative decision in a country with inflation, where practicality is needed about what to control and what not . There was no need to talk about a fiscal revolution," the leader indicated.

On the other hand, Carlos Melconian criticized the lack of precision regarding how the legality of the use of the "canuto" dollars will be guaranteed, something that causes those who have that money to remain hesitant to use it: "There's talk of providing security for the use of the money, but there's no protection, nor defined statutes of limitations. That's still not resolved, and they say it must be resolved within 30 days. We're entering gray areas that raise more questions than certainties."

He also took aim at the government's way of announcing these types of economic measures: "Your dollars, your decision, that already exists. There's no need for a presidential spokesperson to come and clarify it. Bimonetarism is already a social fact. People long ago decided to save in dollars and transact in pesos. We experience it every day; no Nobel Prize winner invented it," he quipped on Radio Rivadavia.

He also criticized the government's communications approach and the lack of coordination between technical and political measures. "Getting dollars out of the mattress would have been more powerful if it were presented alongside a formal, legal, and well-communicated money laundering measure. As it stands, it's all a bit of a stretch. As I always say: the money is safe . In Argentina, people save just in case. There's no other country in the world where people save just in case. Here, yes, and there's a historical reason for that. The money laundering exists because of mistrust. And that doesn't change with an isolated measure."

Asked whether these provisions could change informality habits or increase the use of cash, Carlos Melconian was blunt: "No, not because of this. It's already happening. Anyone who goes to buy a motorcycle, a car, or any medium-sized transaction asks how the seller wants to invoice. What are we trying to invent? None of this will change without a solid, sustained economic policy."

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