Argentina’s Milei Says Dollarization Isn’t a ‘Short-Term’ Goal
- Move away from peso unlikely to be completed this year
- Plan wasn’t part of recent talks with IMF, Milei says
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President Javier Milei said dollarization of Argentina’s economy is the final step in a long process that is unlikely to be completed this year, the latest indication that his most ambitious campaign proposal has taken a back seat to other major reform efforts.
“It is not an issue of short-term stabilization,” Milei said in an interview published on Cenital, an Argentine website, Tuesday morning. He added that “the free competition of currency” in Argentina was always meant to follow the cleaning up of the central bank’s balance sheet and an overhaul of the country’s financial system.