Bloomberg News

Argentina Won’t Boost Competitiveness Through Peso, Feletti Says

October 05, 2011

Oct. 5 (Bloomberg) -- Argentina won’t change its exchange rate policy in order to make the country more competitive, Deputy Economy Minister Roberto Feletti said today.

In a remark to a congressional budget committee in Buenos Aires, Feletti said trade between Argentina and Brazil doesn’t depend on the exchange rate but on demand.

Argentina plans to boost competitiveness through investment in energy and infrastruture, Feletti, who was speaking on the 2012 budget, said.

To contact the reporter on this story: Eliana Raszewski in Buenos Aires at eraszewski@bloomberg.net

To contact the editor responsible for this story: Richard Jarvie at rjarvie@bloomberg.net


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