Argentina's President-elect Javier Milei said on Friday that the closure of the country's central bank, a signature campaign pledge, was a "non-negotiable matter", according to a statement from his office posted on social media platform X.
  • 52fighters@kbin.social
    11·
    1 year ago

    You get dollars the same way anyone else would in the situation: You carry a trade surplus vs. the United States and then allow tax payments to be made in dollars. Prices settle as a function of dollars available, rate of circulation, and volume of goods & services available.

    The policy should produce a boost in exports & employment but also produce a shortage of goods normally imported. It’ll also be a great time for Americans to visit, the dollar suddenly having a lot more purchasing power in Argentina.