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IPFS News Link • Argentina

Argentina's Leading Presidential Candidate Vows To Shut Down "Thieving" Central Bank

• arclein

Milei triggered a market shock when the presidential candidate - largely viewed as an outsider without serious chances for the position until now - came out ahead in the primary, seen as a barometer for presidential elections in a country where polls are notoriously unreliable. The slump forced the government to devalue its tightly controlled official exchange rate by 18% when markets opened Monday. In the first interview to foreign media after his unexpected win, Milei spoke to Bloomberg and detailed his plan to scrap the Argentine peso for the US dollar as a way to bring down inflation that's running at 113%, and upped his criticism of the central bank, which he called "the worst garbage that exists on this Earth."


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