The government of Javier Milei sent his Minister of Economy to try to give positive signals to the market, attempting to transform the announcement of the agreement with the IMF into good news. The truth is that it generated more doubts than certainties again, because he mentioned a global amount of 20 billion USD (data that had been known for over a month) without indicating how much of that would be available to intervene and continue to maintain an artificially low exchange rate. Everyone knows that 14 billion is owed, so even assuming that they are delivered right now and with free availability, the 6 billion is far too little to calm the anxieties of carry trade players.

Meanwhile, the sticks and gases are the only response to an increasingly difficult social demand to contain.