Argentina's President-elect Javier Milei said on Friday that the closure of the country's central bank, a signature campaign pledge, was a "non-negotiable matter", according to a statement from his office posted on social media platform X.
Shuttering their central bank and converting to dollars… Meaning they aren’t actually getting rid of a central bank, but are rather converting to a foreign central bank.
No it’s worse than that. How are they going to purchase enough dollars to replace their own currency? No one is going to give Argentina a loan to do this.
Shuttering their central bank and converting to dollars… Meaning they aren’t actually getting rid of a central bank, but are rather converting to a foreign central bank.
No it’s worse than that. How are they going to purchase enough dollars to replace their own currency? No one is going to give Argentina a loan to do this.
This project is doomed before it starts.