He Argentina’s Economy Minister Luis CaputoHe presented the plans he wanted to implement Javier Millay was elected president of the Gaucho countryNow he enters as President.
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As Kabuto said The economic objective remains the same, i.e. to dollarize its economy.
(Read: Action plan for Latin America to attract more investment to reduce poverty).
“Dollarization and closing the central bank continue to be the flags of this governmentKabuto said.
As stated therein removal Banko CentralIt is said that monetary policy will not be rigid for now and the planned new system will adapt to circumstances.
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Also, the Minister of Economy has stated this This week’s aggressive currency devaluation was aimed at reinvigorating inflation expectations.
Right now, Argentina is the president’s top priority Eventually inflation. “We are fully committed to ending inflation and ending inflation. So, we came up with a super-orthodox plan to end fiscal deficit and bring fiscal deficit to zero.Javier Miele said.
(Also read: Argentina’s annual inflation soars to 160.9%).
Savings plan included 50% devaluation of the Argentine peso and plans to make drastic cuts in spending by eliminating transport and energy subsidies, with the aim of ridding the country of its fiscal deficit.
“Inflation in Argentina today is 1% daily, which means inflation is 3,678% annually.” Miley said in a broadcast.
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