Since we have $ billion in forex reserves, the likelihood that it [forex reserves] will fall by more than 10 [billion dollars] this year is actually very high. And, also, given our behavior [at the central bank], if we think that the exchange rate is fundamentally misaligned, we will allow it [the currency] to depreciate and not defend what cannot be defended.
Responsible fiscal management: A delicate balance I will stop here, but you asked a question. What happens if growth is lower than expected? Of course, there is a plus and a negative side. The plus side, ironically, is, I think, given the current conditions-a stronger peso-then, the current account deficit will be smaller.