Last night, Argentina’s president, Javier Milei, gathered his office at Casa Rosada to announce the country’s new agreement with the IMF and the end of currency checks. According to the newspaper Acept, Milei gave a national speech and emphasized that “everything goes as planned.”
In a message recorded with members of his cabinet and libertarian leaders, he emphasized that the “Ministry of Economy and the Argentine Central Bank (BCRA) finally broke the last link in the current one that has held the national economy for 15 years.” “From this moment, we eliminate forever exchange rate control over the Argentine economy,” Milei emphasized in the speech.
Although he said that “inflation will collapse because there will be no ballast weight issuing,” he emphasized that this month the Argentines participated in a break in the error inflation process. “These are the effects of the deviation of the Guzmán law, which forced us to go to the congress to request a permit for this agreement with the IMF,” Milei said.
The Argentine president noted that “never, never, over the past 120 years, has it been a tax order, monetary order and exchange order at the same time” in the country.