Presidential Spokesperson Suggests Dollar Could Reach $1,800, Stirring Internal Criticism

Adrián Ravier, Argentina's presidential spokesperson, suggested the official dollar could rise to $1,700–$1,800 in the coming months, sparking immediate criticism within the ruling coalition. In an interview with the officialist streaming channel Carajo, Ravier stated that while a sharp devaluation like those in 2002 or 2019 is unlikely, a gradual increase to those levels is possible. He argued that the current stability—supported by reserve accumulation and a current account surplus—makes a significant correction improbable Source: Clarín, Infobae.

Internal Reactions

The remarks were poorly received in Casa Rosada. Economy Minister Luis Caputo had just presented a tax amnesty bill to attract dollars, and sources reported frustration that a spokesperson would publicly float a sensitive exchange rate forecast. Officials noted that such statements can be interpreted as official expectations, adding tension ahead of IMF Managing Director Kristalina Georgieva's visit Source: Lavozar.

Context and Comparisons

Ravier's projection aligns with the central bank's REM survey, which anticipates a gradual depreciation. He contrasted it with past crises: under Macri, the dollar quadrupled from $15 to $60; in 2002, it tripled from $1 to $3. Neither scenario, he said, is realistic now. However, he acknowledged external or climatic shocks could alter the outlook Source: Infobae, Clarín.

Despite the backlash, Ravier remains backed by President Javier Milei, and no change in his role is expected. The episode underscores the delicate balance between technical analysis and institutional communication in a government sensitive to market reactions.