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Cristina once again criticized Milei’s dollarization proposal

Cristina once again criticized Milei’s dollarization proposal

The vice president spoke at the tribute to the 20th anniversary of the Néstor Kirchner government and made reference to the dollarization proposal promoted by some pre-candidates. this said

The vice president, Cristina Kirchnerquestioned today, in his speech on May 25, those who are proposing dollarization, such as deputy Javier Milei, and recalled that in the early 2000s “everything exploded” when the convertibility of the 1990s ended.

During the act carried out in Plaza de Mayo 20 years after the inauguration of Néstor Kirchner, the official pointed out that “the day this false dollarization fell, everything exploded.” Thus she began her speech, which had begun after the chants of the militants in which they clamored for “Cristina President”.

He noted that “today we see disciples and collaborators of that clear-eyed minister (by Domingo Cavallo) explain what they are going to do, to us, who do not have titles as economists because we are simple lawyers…”. And he emphasized: “We were the ‘kukas’ (referring to the Kirchner government) who paid the fixed-term deposits with the Boden 12, the bond that was given to each one of those who, when they went to get the dollars and pesos from the banks, were not there”.

assured that those dollars were paid by Néstor and Cristina. “Eight installments, the first three were paid by Néstor, the last one in 2012, write down geniuses of the economy, we will pay yours, the Perucas,” stressed Cristina Kirchner.

In this way, once again, the president of the Senate criticized one of the most emblematic economic proposals of the political platform presented a few days ago by the economist and candidate for libertarian president Javier Milei: dollarization.

The problems of dollarizing

Milei promotes the idea of ​​is to establish a currency competition that allows citizens freely choose the monetary system or the dollarization of the economy. This was a topic that was highly commented on publicly and that, according to what he told Ambit economist Ricardo Aronskind, “is a concept that aroused many unrealistic fantasies in people.”

One of those fantasies is the fact that go to collect in dollarsas if the salary, under these conditions, were not going to suffer further inflationary deterioration in that case, when what would really happen is that this inflation would become in dollars and food and products would have to be bought in that currency.

And it is that many analysts warn that what is being proposed is to move to a currency that is scarce in Argentina, which would cause many difficulties because there are not enough dollars to sustain this dynamic. the lack of dollars would strongly index the economy.

Likewise, if we move in this direction, we would lose any possibility of conducting monetary policy.

Source: Ambito

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