Our strategy in the foreign exchange market is the most eloquent proof of the robustness of our policies. This resilience of our system is not by chance but causal, since it derives from the existence of multiple preventive mechanisms built throughout recent years so as not to jeopardize stability even in situations like the current one.
Preventing the use of reserves in times of dollar demand by the public would be as absurd as not using an umbrella when it rains. In this case, the stock of foreign reserves would not be a “cushion” to buffer financial ups and downs but a “bedrock” with no absorption capacity. The strengths of our monetary and financial system are evident.