Argentine President Javier Milei has announced plans to introduce legislation aimed at penalizing Central Bank officials for printing money to finance the nation's deficit, amidst a backdrop of social unrest and economic challenges. The proposed bill reflects Milei's broader economic strategy to combat inflation, which exceeds 200% annually, by curbing the central bank's ability to issue currency. This move has sparked a series of protests and strikes across Argentina, with social organizations, education workers initiating a 24-hour national strike, and Argentine oil producers expressing strong opposition to Milei's austerity measures, deregulation policies, and financial decisions affecting the country's most vulnerable sectors. Additionally, Buenos Aires Governor Axel Kicillof plans to sue the Milei government, further highlighting the contentious nature of these policies. Amid these developments, there's a growing debate around the potential dollarization of the Argentine economy, a measure Milei was elected on the promise of implementing to address the inflation crisis, which currently tops 200% annually.
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
RFK has just proven his dangerous economic illiteracy. Milei’s welfare-slashing policies will cause massive pain to Argentina’s poorest — and indeed they already are. RFK would do well to study his uncle’s economic policies, which were the opposite of Milei’s. https://t.co/dgwSFmDlaO https://t.co/z1cUt06loz
Argentine President Javier Miley will ban the use of gender-neutral language in documents, the official representative of the head of state said /RIA
It was always going to be tough for Milei to build bridges with governors; he’s reducing financial transfers to provinces, and no governors are members of his La Libertad Avanza. Still, the relationships are critical, including to coordinate mining and energy policy. https://t.co/ItRZga3S8J
#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
Banks in Argentina tell clients to ease off short-term bonds with interest payments linked to inflation amid optimism about Javier Milei’s plans to tame price increases https://t.co/jsGDWiTeg7
#Argentine President Javier #Milei Seeks to Criminalize Money Issuance https://t.co/kUjKF3ZN5r
Axel Kicillof, governor of Buenos Aires (#Argentina), announced on Monday that the provincial prosecutor will sue the Milei government before the Supreme Court of the Nation. https://t.co/msGu2XXg2K
#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
Argentina to Penalize Bankers Who Print Money #Argentina #Centralbanks https://t.co/vQZHAZSLmW via @TheDeepDive_ca
#Argentina | The Confederation of Education Workers of the Argentine Republic (CTERA) initiated a 24-hour national strike against the far-right President Javier Milei's policies. https://t.co/getaBG63TP
#FromTheSouth News Bits | Social organizations in Argentina carried out a national strike against the government of President Javier Milei, in rejection of his austerity, deregulation, and austerity measures that affect the country's most vulnerable sectors. https://t.co/1viGEQNgBW
Argentine President Javier Milei will introduce a bill to jail any Central Bank official who orders the printing of money to cover Argentina's deficit. https://t.co/WulVtxp7hr