Martín Redrado's warning to the government: "We have entered a period of currency uncertainty."

Economist and former Central Bank president Martín Redrado criticized the government for missing "the opportunity to accumulate reserves" at this critical time for the country. It's worth noting that Argentina 's exchange rate has been rising for weeks, and there's already concern in the Casa Rosada about reaching the top of the $1,400 threshold. "We must be able to show that Argentina is sustainable."

" We have entered a period of currency uncertainty. The opportunity to accumulate reserves was lost, leaving the Central Bank facing a highly uncertain election period. Important steps have been taken in the currency area, but we must let the exchange rate be determined by supply and demand," the specialist explained.

In this context, Martín Redrado explained on Radio Rivadavia that "Argentina needs measures that go beyond a financial approach or fiscal and monetary policy. Argentina needs to provide predictability and a horizon to its exchange rate policy, which it lacks today . We must be able to demonstrate that Argentina is sustainable."

"We must have a horizon of predictability in terms of foreign exchange, in how to accumulate reserves to lower country risk, lay out a roadmap for the productive sectors, and formalize the national economy. This Central Bank has a great asset: it no longer finances the public sector. I see the glass as half full. The achievement of not financing the public sector is important; we still need to pass the test of providing predictability," stated the former BCRA official.

On the other hand, the economist acknowledged that there is "a wage rate below inflation," which leads society to evade taxes to increase its profits: "Argentina pays a lot of formal taxes. We pay a lot of taxes, and this pushes many small and medium-sized businesses out of the formal system. We need to broaden the tax base so that more workers and businesses contribute to the system."

"Little is said about labor taxes, what the emperor pays for having legally registered workers. A proposal for an Argentina with forward-looking solutions, not deadlocks, is to lower labor taxes to legally register workers," he said.

Finally, Martín Redrado also denounced problems in the pension system, which directly affects retirees: "I'm concerned about the pension system. No one at the center has raised the issue of the inability to have two retirees for one active worker. It's beginning to become clear that a new phase is needed in terms of how to address Argentina's production problems," he concluded.