Government annoyed with spokesperson over dollar remarks

Presidential spokesperson Adrián Ravier caused internal discomfort by stating that a dollar at 1,700 or 1,800 pesos is a possibility in the coming months.

President Javier Milei is not considering removing Ravier, although the Executive seeks to prevent new statements that could affect the economic strategy.

The opposition questioned the official's words. Deputy Pablo Todero posted on X that Ravier "spat on the barbecue" and linked the remarks to a possible devaluation and fuel price increases.

Ravier linked the tension to Donald Trump's tariffs but assured it does not alter the stabilization plan. The latest REM from the BCRA projects a dollar at 1,482 pesos for July and 1,673 for December 2026.

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Photorealistic news illustration of Banco Nación displaying the dollar at a yearly high amid rallying Argentine assets.
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Official dollar hits yearly high as Argentine assets rally

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The official dollar traded at 1,510 pesos for sale at Banco Nación on Monday, July 6, its highest since November 2025. Argentine assets extended gains on Wall Street and country risk fell to 408 basis points.

The official dollar traded at 1500 pesos for sale on Tuesday June 30 at Banco Nación. The exchange rate accumulated a 5% rise during the month. Country risk closed below 430 basis points.

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The official dollar reached 1,480 pesos for sale on Friday, June 19, marking its fourth consecutive increase.

The dollar closed Friday at 3,475.78 pesos, its lowest level since January 2021, driven by local and international factors.

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The blue dollar closed higher on Monday July 13 in Argentina, as the Central Bank bought 280 million dollars in the market.

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