The Government attributed the rise in financial dollars to a possible rejection of the Omnibus Law and the protections against the DNU

The presidential spokesperson, Manuel Adorniawarded today the rise in financial dollar pricess recorded in recent days to the “rumors” of possible rejections of the Omnibus Law which today begins to be discussed in Congress and at precautionary measures that suspended some points of the Decree of Necessity and Urgency that deregulates the economy.

In that sense, he assured that the increase in the exchange gap is a “small free sample” of what can happen in the economy if Congress does not approve the initiatives of the Executive Branch.

Yesterday, financial dollars deepened the upward trend that they have been registering since the beginning of the year, with which, after hitting lows in December, the exchange gap expanded again at the close of the wheel.

The counted with settlement (CCL) variant was the one that registered the most pressure and set a new record at the end of the day at $1,205. The MEP dollar, meanwhile, also mentioned as the Stock Market dollar, follows in the race and settled at $1,150. With these values, the exchange gap with the official dollar stood at around 48% for the first time since the implementation of the strong exchange rate correction two days before the inauguration of the Government of Javier Milei.

The free dollar also operated upwards, although it lagged behind with a closing price of $1,050 while the reference dollar published by the Central Bank, A3500, closed at $813.85.

During his usual press conference at the Casa Rosada, Adorni warned today “the rumors due to some disagreements with some points of the law and the protections against the DNU caused financial dollars to jump from 900 pesos to 1,200 pesos.”

“We do our part, and we need politics to do its part,” said the spokesperson in reference to Congress, and added: “Whether (the law) is approved or not depends exclusively on the national Congress and the politics that are represented there. . For us, reforms are necessary to avoid disaster. What we saw in the financial market may be just a free sample of what can happen if what we propose as change is not accompanied by politics.”

Adorni continued with the topic and, although he clarified that the Government does not handle the hypothesis that the Omnibus Law is not approved, he said that if the initiative is finally rejected in Parliament,

“I can’t know what will happen if the law is not approved. Yes, I can know what is not going to happen if it is not approved: you are not going to get out of poverty, you are not going to be able to stabilize the variables, you are not going to be able to get out of the trap, you are not going to be able to get out of the isolation that we have from the world. If the decision is to continue in this decline, well, it will be a decision. We believe that common sense and logic will prevail. The variables that I can mention is that of a decadent country,” Adorni added.

The spokesperson also warned that, although the Government is open to “listening to suggestions,” the content of the omnibus law “is not negotiated.”

“It does not mean that we are not open to dialogue, that we do not accept suggestions or sit down to dialogue with those who, well-intentioned, understand that Argentina cannot continue like this. Any suggestion that improves freedom will be listened to. It would be arrogant not to understand that there can be much to improve in terms of freedom. The law is not negotiated, the terms have been confused, because everything goes towards making Argentines better. Suggestions are listened to, of course,” he explained.