• Argentina’s leading presidential candidate Javier Milei pledged to close the nation’s central bank while saying he would make every effort to avoid a default on the country’s sovereign debt if he wins the October vote. (BBG)
  • Bloomberg reports that "his plan includes slashing spending by at least 13% of gross domestic product before mid-2025 by dramatically downsizing public works, reducing the number of ministries, removing subsidies and capital restrictions that would allow businesses to transact in US dollars."

ARGENTINA: Milei Says Dollarization Plan Among First Planned Measures

Last updated at:Aug-16 18:45By: Jack Lewis
  • Argentina’s leading presidential candidate Javier Milei pledged to close the nation’s central bank while saying he would make every effort to avoid a default on the country’s sovereign debt if he wins the October vote. (BBG)
  • Bloomberg reports that "his plan includes slashing spending by at least 13% of gross domestic product before mid-2025 by dramatically downsizing public works, reducing the number of ministries, removing subsidies and capital restrictions that would allow businesses to transact in US dollars."

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