Kezia McKeague, regional director at McLarty Associates: “The elimination of Argentina’s central bank is highly unlikely. It would indeed require congressional authorization—difficult to achieve in the opposition-dominated legislature—even in the unlikely scenario of Milei putting the controversial proposal to a vote. The truism that governing is different from campaigning is likely to apply to both Milei’s dollarization plan and his promise to close the central bank. While he is well-intentioned in trying to prevent future politicians from printing money to fund the fiscal deficit and hence fueling inflation, most mainstream Argentine economists do not recommend…”
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