Milei's Economist Proposes Argentine Dollarization to Bankers.

Milei’s Economist Proposes Argentine Dollarization to Bankers.

Written by Paulo Nogueira

Published on 25/11/2023 at 16:38

Reunião corrobora com notícias de que presidente eleito estaria se afastando de conselheiros que defendem suas promessas de campanha mais dramáticas

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The Meeting Validates Reports That The Elected President Is Distancing Himself From Advisors Who Support His Most Drastic Campaign Promises, Which Suggests A Shift In Government Policy. This Move Could Have Significant Consequences For The Future Of The Country.

An Argentine banking association representative, Adeba (Asociación de Bancos Argentinos), informed Bloomberg News that the meeting was extremely favorable and resulted in a market-friendly approach to the central bank’s debt.

A representative of Javier Milei declined to comment on the subject.

Caputo’s statements seem to confirm that Javier Milei is distancing himself from advisors who support his bolder campaign promises, including abandoning the Argentine peso and closing the central bank. Milei has also distanced himself from his dollarization mentor, Emilio Ocampo, and on Friday another early campaign advisor, Carlos Rodriguez, announced on a social network (formerly Twitter) that he would also not be part of the government. Investors, who initially celebrated Javier Milei‘s victory in the presidential elections on November 19, continued to drive up the prices of Argentine assets as the elected president shows signs of moderation.

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The New Government Of Argentina Will Maintain Currency Controls, Says Member Of Javier Milei‘s Team

The elected president of Argentina, Javier Milei, will not suspend currency controls immediately upon taking office on December 10, while maintaining dollarization as a medium-term goal, a central team member informed bankers on Friday (24), according to two people familiar with the discussions.

Luis Caputo, who is leading Milei’s economic team during the government transition, told bank executives in Buenos Aires that the focus of the new government will be to achieve a fiscal surplus in 2024, the sources said on the condition of anonymity. The meeting, which the Wall Street veteran used to present the main outlines of Milei’s economic plan, included about 30 people, including consultants and officials from the banks, the sources added.

Source: InfoMoney

Milei’s Economist Proposes Argentine Dollarization to Bankers.

The Meeting Validates Reports That The Elected President Is Distancing Himself From Advisors Who Support His Most Drastic Campaign Promises, Which Suggests A Shift In Government Policy. This Move Could Have Significant Consequences For The Future Of The Country.

The New Government Of Argentina Will Maintain Currency Controls, Says Member Of Javier Milei‘s Team

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Milei’s Economist Proposes Argentine Dollarization to Bankers.

The Meeting Validates Reports That The Elected President Is Distancing Himself From Advisors Who Support His Most Drastic Campaign Promises, Which Suggests A Shift In Government Policy. This Move Could Have Significant Consequences For The Future Of The Country.

The New Government Of Argentina Will Maintain Currency Controls, Says Member Of Javier Milei‘s Team

Seven world powers including the US, China, and Russia are spending €22 billion on a reactor in the south of France that aims to confine plasma at 150 million degrees Celsius, ten times the temperature of the Sun’s core, using a magnetic field capable of lifting an entire aircraft carrier.

Elon Musk’s internet comes to mobile: Starlink technology connects smartphones without an antenna via satellite, works even without carrier signal, already costs just US$10 extra in the US, and could arrive in Brazil as an included benefit.

A Chinese factory in Guangdong is assembling a humanoid robot every 30 minutes while Tesla, Figure, and Boston Dynamics still struggle to deliver 10 thousand per year.

While Brazil has been discussing bullet trains for 16 years, China delivers 5 new high-speed lines in 2026, surpasses 50,000 km of HSR, and moves 1 billion passengers in a single year.

With a wingspan of 152 meters, 76 tires, and a capacity to carry 1,270 tons, the Boeing Pelican was the giant “flying ship” that promised to cross oceans close to the water on an invisible air cushion beneath its wings.

While countries spend billions to draw water from the sea, a Nobel-winning scientist creates a container-sized machine that extracts up to 1,000 liters per day from dry air and uses ultrasound to release water in minutes, even in the middle of the desert.

Belgium will sink 23 giant concrete caissons, each weighing 22,000 tons, in the North Sea to build the world’s first artificial energy island 45 km off the coast, forming offshore electrical walls.

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