Argentina

Milei Maintains Stance on Argentine Central Bank

Despite recent team changes, Argentina's President-elect Javier Milei confirms his unwavering intention to shut down the country's Central Bank as part of his economic reform plan.
By
Colin Aulds
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Colin Aulds is a founder at 10NetZero, a off-grid Bitcoin mining company. He is also the former VP and founder at Billfodl, a Bitcoin wallet backup company, as well as PrivacyPros.io, a blog dedicated to helping every day people increase their privacy online. He earned his Bachelor of Business Administration from Belmont University in 2011.

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      November 28, 2023

Milei Maintains Stance on Argentine Central Bank

Key Takeaways

  • Javier Milei is unwavering in his decision to shut down Argentina's Central Bank
  • Milei's administration is facing a reshuffle but maintains its core economic agenda.
  • Confirmed changes include heads of social security and state oil, aligning with privatization plans.

Unshaken Resolve

Despite the recent departure of key advisors, Argentina’s President-elect Javier Milei remains firmly committed to his radical plan to dismantle the country’s Central Bank. This move is part of a broader strategy to shift Argentina’s economy away from state control.

Team Reshuffle, Same Agenda

Milei’s administration is undergoing a reshuffle after significant departures within his transition team. However, these internal changes have not deterred him from his plans to reorganize the Argentine economy. The only confirmed appointments thus far are for the heads of the social security agency and the YPF state oil company, which Milei intends to privatize.

Addressing Speculations

In response to widespread rumors, Milei’s office released an official statement reaffirming his commitment to closing the Central Bank of the Argentine Republic (BCRA). The statement, translated from Spanish, emphasizes that this decision is non-negotiable. Additionally, Milei’s office reiterated his plan to privatize other key state entities.

Article Sources

BuyBitcoinWorldWide writers are subject-matter experts and base their articles on firsthand information, like interviews with experts, white papers or original studies and experience. We also use trusted research and studies from other well-known sources. You can learn more about our editorial guidelines.

  1. Buenos Aires Times - Milei confirms top officials, says closure of Central Bank is 'non-negotiable', https://www.batimes.com.ar/news/argentina/javier-milei-ratifies-closing-of-central-bank-and-confirms-giordano-for-anses-and-marin-for-ypf.phtml

About the Author

colin aulds

Colin Aulds is a founder at 10NetZero, an off-grid Bitcoin mining company. He is the former VP and founder at Billfodl, a Bitcoin wallet backup company, as well as PrivacyPros, a blog dedicated to helping every day people improve their privacy. He also runs the popular Unhashed Podcast. Colin holds a bachelors degree from Belmont University (BBA).


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