The President Xavier Milei He referred to the recent intervention of the Central Bank and the implications that could have on an eventual dollarization of the Argentine economy. He acknowledged that the panorama “It’s more complex” due to having to “adapt the financial system, that the Duration be longer than that of banks. “
“If the opportunity arrives, the Argentines decide to dollarize, which from my point of view should be called to popular consultation and that is binding, and we have the financing to do so, it is done”said Milei, highlighting the importance of the decision having direct popular support.
The Head of State warned, however, that it is a complex process that It cannot be implemented instantaneously. As explained, the transition would require “About four years” to adapt the financial system and ensure that all banks can adapt to the new structure. “What we are Armando is an anti -corrided financial system”he added.
“All banks have different wallets Durations… The time that you demand to dollarize is the time you require to put the financial system online to do so”He said in Dialogue with Radio Miter, detailing that the process not only depends on a political decision, but also on technical factors that guarantee the stability of the banking system.
The increase of the dollar
Previously, the president was sincere that since his environment they knew that “it was going to be a very complex year” and that, therefore, They are “working to close payments” of the debt that Argentina has which closes in 2026, for amounts of US $ 4,000 million in January YU $ S4.5 billion in July.
And this under “a context in which the interest rate in the US is going down” with which “we are very advanced in negotiations. We will do everything necessary to preserve well -being and move on.”
After the rise in the foreign currency, he pointed out that “the demand for money was volatilized”: “It is necessary to see if that volatilization has as a counterpart a fall in the demand for money linked to what the transactions have to be. In that case it could go at the price to impact the level of activity.”
“Now there is the dollar on the roof of the band and well, it is part. One cannot ignore what the rest of the agents are doing. We expected a hostility scenario And these people have no problem trying to destroy everything“He refuted against the opposition.
Meeting with Trump
President Javier Milei will visit the United States next week, where on Tuesday he will hold a bilateral meeting with Republican president Donald Trump. As confirmed by the Foreign Ministry in its official X account, the objective of the meeting is to “deepen strategic ties.”
The president’s flight will leave Sunday night heading to New York. The main objective of the visit is for the second consecutive year to the General Assembly of the United Nations Organization (UN). However, the most important activity for the government will take place outside the activities of the international agency.
It is that the president confirmed last Friday in Córdoba that is in negotiations with the US Treasury to agree on a loan to deal with the next debt maturities that the country must face in 2026. “We are working very strongly, we are very advanced”he said. It is in this scenario that the government confirmed the meeting with Trump, in addition to a dinner with the owner of the department, Scott Besent.
“Within the framework of the solid bilateral relationship and the shared commitment to continue deepening strategic ties, President Javier Milei You will keep this morning in New York a bilateral meeting With President Donald Trump, “the Foreign Ministry reported.
The stay in New York will extend From Monday to Thursday. The central milestone will be its exhibition before the UN General Assembly. According to the organization, the message of Milei It was scheduled for Wednesday at 12.15 and must be adjusted to 15 minutes.
For that section of the tour, the ministers will be added to the delegation Luis Petri and Mario Lugones. This will be Javier Milei’s second alocution before the world leaders.
The central theme of the assembly is expected to be the conflict between Palestine and Israel in the Gaza Stripwhich already left more than 65,000 dead Palestinians and that still has 48 Israelis seated in the hands of Hamas.
Source: Ambito
