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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 ...
Self-described anarcho-capitalist Milei, who has sharply divided opinion in Argentina and beyond with plans to dollarize the economy and shut the central bank, said he would limit the size of the ...
Milei envisions eventually dismantling the state and the Central Bank of Argentina, [132] [133] which he described as "one of the greatest thieves in the history of mankind", [134] allowing citizens to freely select their monetary system, including the potential adoption of a dollarized economy, [135] to combat the country's inflationary issues ...
The economist was later appointed as central bank governor in 2018. He resigned after three months in the hot seat in the midst of efforts to negotiate a new deal with the IMF to stem a currency ...
The Central Bank of the Argentine Republic (Spanish: Banco Central de la República Argentina, BCRA) is the central bank of Argentina, being an autarchic entity.. Article 3 of the Organic Charter lists the objectives of this Institution: “The bank aims to promote, to the extent of its powers and within the framework of the policies established by the national government, monetary stability ...
Macri announced on 8 May 2018 that Argentina would seek a loan from the International Monetary Fund (IMF). The initial loan was $50 billion, and the country pledged to reduce inflation and public spending. [11] Federico Sturzenegger, the president of the Central Bank of Argentina, resigned a week
BUENOS AIRES (Reuters) -Argentine economist Santiago Bausili is set to become the governor of the country's central bank after President-elect Javier Milei takes office on Dec. 10, according to ...
The Central Bank Circular 1050, which tied mortgage rates to the value of the U.S. dollar locally, was maintained, leading to further deepening of the crisis; GDP fell by 5%, and business investment by 20% over the weakened levels of 1981. [22] Bignone chose Domingo Cavallo to head the Argentine Central Bank. Cavallo inherited a foreign debt ...