1 of 1 Milei speaks for the first time as elected president of Argentina Photo: Agustin Marcarian/Portal Milei speaks for the first time as elected president of Argentina Photo: Agustin Marcarian/Portal
Argentine Presidentelect Javier Milei explained this Monday (20) that it will take between 18 and 24 months to contain inflation in his country at around 140% per year.
In an interview with the Argentine radio station Continental, the first about his future government after his election on Sunday (19), Milei also confirmed that he will implement the plan to close the central bank and dollarize the economy, two of the most important and controversial proposals his campaign. .
“Closing the central bank is a moral obligation, and dollarizing (the economy) is a way to get rid of the central bank,” he explained. However, Milei suggested that the currency adopted by his government should be “the one chosen by individuals.”
In the interview, the ultraliberal also said that for now he will maintain the exchange rate and will not lift the restriction on dollar holdings introduced by the government of current President Alberto Fernández to control the dollar holdings of banks in the country balance of the North American currency.
“Before the restriction on the dollar supply is lifted, the Leliq problem (the country’s base interest rate) must be resolved. Let’s try to do this as quickly as possible because if not, the shadow of hyperinflation will always be there,” he said.