In the midst of the current exchange tension, an archive of February 2025 showed again that shows Javier Milei in A24 responding to those who warned a delay in the value of the dollar. At that time the currency quoted at $ 1035.75 for purchase and $ 1075.75 for sale according to the Central Bank, and several economists and leaders spoke of poor government management. Milei went out to the intersection with hardness: “I notice many angry people who talk about Carry Trade and do not know how to add,” he said, and pointed directly against former Economy Minister Domingo Cavallo.
The strongest of that speech was when he explained that Argentina was with “a low level of base monetization” and that that generated an appreciation of the currency. “The weight is strengthening because you had no demand for money. Now, with downward inflation, you have incentive to have pesos in your hand because you are not melted as an ice cream in the Sahara desert,” he said. From that reasoning he left the phrase that today returns as a boomeran: “The dollar has to fall like a piano.”
In that same intervention, Milei again loaded against Cavallo, whom he described as “unpresentable” and recalled his defense of convertibility in the 90s. He contrasted that experience with his own government, which he defined as a process of “strong expansion.”
Today, with the dollar again in the center of the scene and the economic uncertainty growing, the president’s phrase on the green ticket falling “like a piano” contrasts with the current reality and reflects how his promises of a rapid stabilization were very far from being fulfilled. The opposition uses it as an example of inconsistency, while in the ruling they try to relativize it as part of a diagnosis of then. The truth is that the registration was recorded and reappears in each debate on the economic direction.
