This Friday another hot day was lived in the change market. He Wholesale dollar He closed this Friday at $ 1,475, fifty cents above the previous closure. This week the wholesale exchange rate rose $ 22, which adds to the $ 98 of increase in the previous week. The Central Bank intervened to avoid greater devaluation and hold the exchange rate. The retail dollar increased to $ 1515, sovereign bonds In dollars they closed with a majority of casualties and The country risk is sustained above 1400 points.
Luis Caputo, Minister of Economy, said that “there are enough dollars for all”, and that they will “sell to the last dollar on the band’s roof” in the firing official streaming. And they sold as he said. This Friday the Central Bank sold $ 678 million, so in just three days they lost $ 1,110 million. Caputo did it again (the story is repeated, he already raffled dollars during the macrismo and the background requested his resignation) the reservation looting is deepened and for the October elections there are still 25 days. This Friday was One of the record for sale of reservations of the Central Bank And so “Toto” entered the top ten of recent years. Podium that shares with Sturzenegger (2018), Sandleris (2019) and Kicillof (2015).
If Caputo, Sturzenegger and that band does the same again, it is because they were guaranteed impunity all these years. That is what has to end: impunity.
— Myriam Bregman (@myriambregman) September 19, 2025
President Javier Milei spoke this Friday about the country’s risk rise and attributed it to a “spiralization of political panic.” You could answer “it is the economy, I ask.” Milei omits that the “economic plan” makes water everywhere. The dollar presses and again different scenarios are discussed: Does the stocks return? Chau exchange bands and devaluation now, devaluation after October, how much it has to be devalued. None of these scenarios is favorable for the working class. The purchasing power of salaries and retirement did not recover everything that was lost with the initial devaluation of this government, the peers are stepped on. While the brake of the activity slowed prices, a new jump of the dollar could rekindle inflation again.
A new devaluation would immediately accentuate the recession, salary loss, unemployment and poverty. The employers already respond with suspensions, dismissals and salary attack. The worst did not happen as Milei promised and the living conditions deteriorate.
Faced with this situation, Peronism aspires to win the elections in October and return to the government in 2027. This implies that Milei continues to advance with the looting. Axel Kicillof acknowledged that the agreement with the IMF was almost a scam, but says that “breaking with the IMF is childish.” That is, it proposes to remain subject to the background adjustment plans.
Only the Left Front It states that Milei is not going to take background measures. The working class must have its own exit.
And the worst is yet to come. Without ignoring all the debt and taking substantive measures such as the nationalization of the banking system, the crisis will be paid by the working majority.
Milei does not go anymore. https://t.co/99zwcbkicl– Nicolas del Caño (@nicolasdelcano) September 19, 2025
Urgent measures: How does the working class defend against a possible devaluation?
Emergency increase in salaries and retirement
The salary defense is in the first order against devaluation pressures. The purchasing power of salary fell almost 30% since 2015 and a devaluation could rekindle prices that will be a new blow to income. It is necessary An emergency increase in wages, retirement, and social programs. ATE INDE estimates that the Minimum family basket I was valued in $ 1,939,698 in August.
It must be debated that no worker and worker win less than what is needed to live, and establish the automatic and monthly update of salaries, retirements and social programs, according to the increase in inflation.
The immediate call to a national strike Already a fight plan that faces the wasting in progress. Enough of the truce of the CGT.
Sovereign debt ignorance
The government honors the debt and again agreed an agreement with the IMF. An odious debt is paid: it was taken against the interests of popular majorities, which saw poverty, unemployment and salary purchasing power increase.
The IMF requires structural reforms such as labor, pension and tax reform, more adjustment and greater devaluation. The fund wants the government to use dollars to pay speculators and the agency itself.
The left raises the need to a sovereign ignorance of debta non -payment driven by the labor and popular mobilization.
Nationalization of the banking system
The families are indebted and pay rates for the clouds while the banks win. Private bank reported earnings for $ 3 billion between June 2024 and May 2025.
The banking system in private hands is the one that organizes the escape of capital and the tax evasion made by the great entrepreneurs outward by all possible roads. To avoid that looting is necessary The nationalization of the banking systemwith the expropriation of private banks and the formation of a unique public bank, under the management of their workers and workers. In this way, small and medium savers could be protected and channeled national savings towards credit that allows activities to respond to the most urgent social needs.
NATIONALIZATION OF FOREIGN COMMERCE
Exports are controlled by a private oligopoly, mostly foreigner: COFCO (China), Cargill (USA), ADM-TEOPFER (USA), BUNGE (USA), AGD (Argentina), MOLINOS (ARGENTINA), among others.
These companies control the main export ports, where control agencies, such as customs, act as visitors. Thus, they have facilities to perform all types of maneuvers such as tax evasion, export subfacturing, not liquidation of dollars to the Central Bank. Thus, the main source of dollars of the country is foreign to the state control.
The state monopoly of foreign trade would remove that extortion tool that agro -export capital has to impose a devaluation: It would mean that all exporters deliver what will be exported to an institution created by the State who is the one that markets and takes the relationship with other countries.
Everything that between and leaves the country must be based on social needs, what is needed to live. And I would have to have a control carried out by the workers of the export or import groups, the ports and the customs. In this way, the entry and exit of dollars would be controlled under workers’ control, thus avoiding the speculative maneuvers made by large employers. It is also necessary Ports nationalization which are currently in private hands, and the expropriation of the great owners.
These are some of the emergency measures in the path of a set program so that the crisis is paid by the capitalists and impose a government of the workers and the poor people who questioning the domain of the owners of the country begins the reorganization of the company based on the needs of the great majorities and not of the capitalist profit.
Source: www.laizquierdadiario.com
