The president held an encounter with his American couple in New York, after the financial aid from the US Treasury was announced.
The American medium The Wall Street Journal suggested that President Javier Milei should refloat the idea of dollarizing the Argentine economy, In the previous meeting he held on Tuesday with his couple of USA, Donald Trump.
The financial newspaper published an editorial on the Argentina And he pointed out that if Milei seeks US support to be able to reduce the risk of default and sustain access to markets, “I could start by putting the dollarization on the table”.
In that sense, they highlighted the “conducive” moment so that Milei, who campaigned the presidential with the promise of “closing the Central Bank (BCRA)“And go to dollarization, receive A boost by the Trump administration for the adoption of the dollar as legal tender.
Dollar Blue
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According to the medium, “Argentines have billions of dollars in mattresses and coffee cans”and “A credible plan of Milei to convert the dollar into currency” which would allow “putting those tickets to work in the Argentine economy.”
An economic exassor from Milei again raised the economy
In the last hours, the exassor of Milei, Emilio Ocampowho was nominated to take care of the BCRA in full campaign, redoubled the commitment to a dollarization from the announcement of the US Treasury Secretary, Scott Besentto help Argentinaby which he understands that the Government would not only allow him to arrive with oxygen to the legislative elections of October, but reopen the possibility of moving towards a dollarization.
According to the economist, the idea that it is necessary to have enough dollars to support the entire M3 in pesos (or at least the M2) to dollarize is wrong, and as the Nobel said Thomas Sargent more than forty years ago, The convertibility of a paper currency issued by a state depends more on its fiscal credibility than on the amount of reservations in the Central Bank“
Also, from Diario Americano, they stressed that Milei got “Important tax and regulatory advances” and that “he balanced the budget and freed thousands of entrepreneurs from a tangle of bureaucratic procedures.” “In the 12 months that ended in June, the economy expanded more than 6%”they added.
Source: Ambito
