Article Image

IPFS

"The Central Bank will be totally eliminated" says Argentinean President Javier Milei.

Written by Subject: Argentina

"The Central Bank will be totally eliminated" says Argentinean President Javier Milei.

He reaffirmed his campaign promise along with the intention to send a law "that prohibits the money issuance" and explained:
"The monetization will be done by the people who bring their foreign currency, the amount of dollars will be to be older and the BCRA (Argentinean Central Bank) will close.

This speech by the Argentine libertarian President comes after 5 months of work, where he managed to reduce Argentine monthly inflation to 1 digit, deregulated the economy and as he reduced the South American nation's basic interest rate by half