President Javier Milei said Argentina is “very close” to being able to dollarize its economy, a flagship proposal of the libertarian economist’s campaign that some observers said had seemingly been put on ice.

“We are very close to being able to dollarize,” Milei said in an interview with Colombian journalist Patricia Jainot uploaded on Thursday to her You Tube account. The President stated that, under his administration, the Central Bank bought “a little more than US$5 billion,“ adding that the country’s monetary base is US$7.5 billion.

“If we could clear all the interest-bearing liabilities, Argentina would be in a position to dollarize [its economy] with very little money. That way, we would exterminate inflation,” the president said.

This is a developing story. Check back for updates.

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Argentina is ‘very close’ to being able to dollarize the economy, Milei says

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27.01.2024

President Javier Milei said Argentina is “very close” to being able to dollarize its economy, a flagship proposal of the libertarian economist’s campaign that some observers said had seemingly been put on........

© Buenos Aires Herald

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