Federico Furiase defended the economic plan and anticipated the new money laundering: "We're done gaining competitiveness with devaluation."

The representative of the Ministry of Economy at the Central Bank , Federico Furiase , stated that the Argentine economy is undergoing a period of structural transformation and that the announced "neo-money laundering" will serve to remonetize the system without resorting to currency issuance. He anticipated that the measure could be launched this week, after the Buenos Aires elections.

During an interview on Radio Rivadavia , Furiase explained that the government's goal is to consolidate a new macroeconomic approach based on fiscal balance, a freely floating dollar, and productive credit. In this context, he rejected the logic of gaining competitiveness through devaluations and stated: "That model is no longer valid; we need to change our mindset."

The economist emphasized that, starting in July 2024, no money will be issued to finance the Treasury and that the first four months of 2025 closed with a primary fiscal surplus (0.6%) and a financial surplus (0.2%). "We must understand that the economy has changed regime. Without issuance, with a surplus, and with a recapitalized Central Bank, the dollar will tend toward the floor of the exchange rate band," he said.

He also noted that current economic growth is around 6% annually, but to sustain it, "fuel is needed," referring to the need to reactivate the monetary system without altering the macroeconomic balance.

Within this framework, Furiase announced that the government plans to facilitate the entry of dollars from outside the system through a scheme that incentivizes their use for consumption, investment, or credit. "The idea is to monetize dollars without issuing pesos. It's a sound model that strengthens growth without losing fiscal or exchange rate anchors," he explained.

Although he declined to specify the amounts, he asserted that the measure was postponed for electoral reasons, but could be announced in the coming days. "This is not a traditional money laundering scheme, but rather a tool that accompanies regime change. It's a matter of currency competition, as the President says," he emphasized.

Asked about price trends, Furiase emphasized that May inflation could be "closer to 2% than 3%," and that some private estimates even suggest 1.8%. "We don't provide specific estimates, but the fundamentals are there for inflation to continue falling. There is no issuance, there is no deficit, and the dollar is not exerting pressure," he said.

He added that price declines are already being observed for products such as aluminum, food, and cell phones, and that the reduction in taxes and tariffs is also playing a key role. "We are seeing the effect of a coherent economic program," he stated.

At the same time, he noted that credit is growing at 50% annually in real terms and that this dynamic is due to an environment of greater macroeconomic confidence. "When the State stops absorbing resources, banks start lending to families and businesses. That's the Argentina we want," he explained.

Furiase emphasized that economic agents must abandon the defensive logic of buying dollars at every turn. "That process no longer works. It locks you out of the market. Today, the incentive is to invest, to produce, to borrow, not to hedge," he stated.

The official also celebrated the record-breaking agricultural campaign and the improvement in export volumes in the first quarter, as signs of a stronger economy. "Competitiveness today is built on surpluses, lower taxes, and lower financial costs. Not on devaluations. That's in the past," he concluded.