"No more will be issued," said the libertarian president, who explained that the use of one exchange rate or another will depend on the state of monetization in which the economy finds itself.
The president of Argentina, Javier Milei, has announced that the Government will proceed with a change in the monetary regime, opening a new stage in Argentina in order to achieve zero currency issuance, once the zero deficit stage has been overcome. .
The president made this announcement in a television interview this Friday in which he pointed out that he is now moving from the zero deficit stage to the zero emission stage, heading towards a system in which the monetary base is broad and does not vary.
"No more will be issued," said Milei, who explained that the use of one exchange rate or another will depend on the state of monetization in which the economy finds itself.
Subsequently, the Government spokesperson, Manuel Adorni, was in charge of clarifying this Milei proposal. Thus, he commented that the monetary regime is going to be "that of total liberalization" or free choice of currency, so that Argentines can choose in which currency they want to buy, sell or handle themselves "in everyday life."
This new regime would be accompanied by a reform of the financial system, which will open "a new stage" in Argentina. Likewise, asked about the Government's preference for a single currency, Adorni has expressed that this is not going to happen, but that they are going to leave the choice "to the discretion of each Argentine."
The announcement of the change in the monetary regime has come just one day after the legislative branch approved the Bases Law, or omnibus law, which represents an important package of economic measures that will advance the liberalization of the economy. Argentina.
For Milei, with this green light from the Senate, a historic and monumental milestone has been achieved for Argentina, since it means launching a package of hundreds of structural reforms. Furthermore, he has defended that it will allow the country to climb in the GDP per capita index, reaching levels close to Germany, France or Italy.
