Argentine President Javier Milei is facing resistance from various sectors as he seeks to penalize and criminalize money issuance by the central bank to curb inflation exceeding 200% annually. Milei's government froze funds, leading to threats from oil-rich Chubut province to cut off fuel supplies, sparking a standoff. Milei aims to propose a bill to prevent the central bank from financing the nation's treasury through printing more bills, advocating for dollarization to stabilize the economy and combat the inflation crisis.
#FromTheSouth News Bits | Argentina: The Governor of Buenos Aires announced that he would resort to the Supreme Court to claim the funds that President Javier Milei took away from his province by decree. https://t.co/BjhFgXQ9KH
#ARGWatch🇦🇷: Here’s some of what I had to say in my latest interview with @infobae: "The longer dollarization is delayed, the worse the state of affairs will become." Pres. @JMilei NEEDS TO DOLLARIZE and get the economy going before it's too late. https://t.co/7j7d8HVTLx
"The lesson on both the military and the economic side is the danger of believing in the virtue of caution when that in practice means delay...Whatever could have been achieved early, can now only be achieved in more time and at greater cost" --@MESandbu https://t.co/tZ3HBME1tT
Dollarization in Argentina: Milei's promise or Caputo's caution? The debate heats up as the peso's fate hangs in the balance. Leonidas Zelmanovitz at #EconLog: https://t.co/RFBJr51U5I
#ARGWatch🇦🇷: My latest with @infobae: "You must start with a BIG BANG to establish confidence and stabilize the economy." DOLLARIZATION is Argentina's BIG BANG. Pres. @JMilei: It's time to DOLLARIZE & finally do away with Argentina's INFLATION CRISIS. https://t.co/7j7d8HWrB5
Argentine President Javier Milei has said he will propose a bill to penalize the central bank from financing the nation's treasury. He said he would look to stop the monetary authority from printing more bills in a bid to rein in inflation, which currently tops 200% annually.
Argentine oil producers rebel against Milei government A number of regions have threatened to withhold supplies in what has turned into a standoff with the president https://t.co/fyr4rS82oP https://t.co/0dZfGikuNj
#Argentine President Javier #Milei Seeks to Criminalize Money Issuance https://t.co/kUjKF3ZN5r
#Argentine President Javier #Milei Seeks to Penalize Money Issuance https://t.co/kUjKF3ZN5r
🇦🇷 MILEI BATTLES EXTORTION BY OIL-RICH AREA Chubut, an oil-rich province in Argentina, threatened to cut off gas and oil supplies to the country in response to Milei's government freezing funds due to "back-owed debts." "Threatening to cut off fuel is a matter of extortion, not… https://t.co/EFkQ4ldtAC
#ARGWatch🇦🇷: From yours truly: "Milei was elected ... based off the idea that he could kill inflation by officially dollarizing." Before it's too late, Pres. @JMilei NEEDS TO DOLLARIZE AND SMASH INFLATION. More in my latest @iimr_buckingham Webinar. https://t.co/ZNzVS70cuJ
Seems they are learning that capitulation isn’t going to work. Shame that it’s a lesson learned too late. https://t.co/8qgDT1pE7n
Argentina to Penalize Bankers Who Print Money #Argentina #Centralbanks https://t.co/vQZHAZSLmW via @TheDeepDive_ca