Politics Argentina Contemplates Major Economic Reforms, Including 'Dollarization'

[Betsy Ross]

Interesting that the Milei administration is still talking about dollarization. I figured with Caputo appointed, it was dead but saw this article today.

Argentina Contemplates Major Economic Reforms, Including 'Dollarization'

President Javier Milei has instituted dramatic policy changes aimed at bringing country’s economic turmoil under control

www.voanews.com

​

 

[Frosted Flakes]

I can't see this happening anytime soon.

 

[Billy Goat]

And this one that correctly mention's that won't solve all of Argentina's MANY issues.

Dollarization won’t solve Argentina’s fiscal problems

Official dollarization addresses the inflation, while fiscal reform that increases tax revenues and reduces spending addresses Argentina’s growing debt.

thehill.com

 

[Flamingo]

I don't see dollarization happening anytime soon. Read this today.

Does Argentina Have Enough Dollars to Dollarize?

"It’s not that Argentina lacks dollars. Rather, it is that the Argentine government lacks the will to commit to its dollarization plan." ~Nicolás Cachanosky

www.aier.org

 

[Larry]

No Milei will get kicked out of office before dollarization is ever to happen. I predict he won't even finish his term.

 

[Avocado]

Now this lunatic wants to borrow yet more billions from the IMF!

Milei seeks US$15 billion for removal of currency controls

President Javier Milei says he would open up restrictions on foreign currency immediately if he has US$15 billion; Money could be provided by the IMF, multilateral bodies, private investors and even “some countries."

www.batimes.com.ar

 

[earlyretirement]

I posted last year that dollarizing the economy in Argentina wouldn't happen any time soon after Milei got elected. Now he admits the same. He doesn't see it happening before October 2025 when Argentina will have the mid-term elections. Probably not even then,

https://archive.is/thMxk#selection-1639.38-1639.68

 

[1031Brah]

so what will happen then? The peso keeps falling in value or will he eventually fix Argentina's fiscal state?

 

[Digital Nomad]

so what will happen then? The peso keeps falling in value or will he eventually fix Argentina's fiscal state?

Actually the peso has been getting stronger not falling in value. The dollar has been getting weaker or at least not going higher on blue rate. Before everyone wanted dollars. Now it seems people aren't sure if the peso will rise in value. The jury is still out if he will fix the fiscal state. He looks like he is balancing the budget but some say he is using tricky in the numbers to achieve it. We probably won't know for a year or more if he succeeded. He will either fail miserably or be crazy successful. No one seems to know for sure yet.

 

[Larry]

so what will happen then? The peso keeps falling in value or will he eventually fix Argentina's fiscal state?

Milei has been a disaster. Prices all sky high. Tremendous dollar price inflation as well which I have never seen before in my time in Buenos Aires. My guess is people will eventually get fed up and riot. You can't keep raising prices of everything without salaries going up and expect to stay in office.

 

[Vero]

Smoke and mirrors?

Cuántos pesos emitió Milei para comprar dólares: cuál es el riesgo

La emisión monetaria se mantuvo firme durante el primer mes del presidente Javier Milei, principalmente para comprar dólares para las reservas y pagar intereses de los pasivos remunerados del BCRA.

www.cronista.com

 

[Avocado]

Milei sick in head. He sees dead dogs. Something wrong with him.

Milei sees four dogs and says there are five – it should concern us

On a denial of reality, cloned dogs, mediums and Javier Milei's messianic project.

batimes.com.ar

 

[noname]

Milei has been a disaster. Prices all sky high. Tremendous dollar price inflation as well which I have never seen before in my time in Buenos Aires. My guess is people will eventually get fed up and riot. You can't keep raising prices of everything without salaries going up and expect to stay in office.

This is what Milei said in March:

"We believe that as soon as we open the cepo and the rebound in the level of activity begins, the salary will start to gain strongly, apart from the fact that with the fall of the dollar it has risen a lot."

Wage increases are still a utopia LOL

Milei pronosticó el momento en que los salarios le ganarán a la inflación y respondió por el aumento de las prepagas

El Presidente también indicó que piensa construir nuevas cárceles y vender las que están emplazadas en el centro de las ciudades porque tienen buen precio en el mercado inmobiliario, después del raid violento que sufrió Rosario

www.lanacion.com.ar

 

[earlyretirement]

This is what Milei said in March:

"We believe that as soon as we open the cepo and the rebound in the level of activity begins, the salary will start to gain strongly, apart from the fact that with the fall of the dollar it has risen a lot."

Wage increases are still a utopia LOL

Milei pronosticó el momento en que los salarios le ganarán a la inflación y respondió por el aumento de las prepagas

El Presidente también indicó que piensa construir nuevas cárceles y vender las que están emplazadas en el centro de las ciudades porque tienen buen precio en el mercado inmobiliario, después del raid violento que sufrió Rosario

www.lanacion.com.ar

I think eventually wages will go up a bit but most people are struggling locally so it's difficult to pay more and when prices go up, consumer spending absolutely collapses. So it's a tough situation. Many businesses will have issues this year and also next year. Costs have all risen. Utility expenses are going to go up. The reality is that many companies will probably fold in the future. Milei inherited a big mess and it's going to continue to be painful for a while.

 

[noname]

Of course, he has a tough job ahead thanks to the mess left by the clowns who governed before.

 

[Sunny]

Milei has been a disaster. Prices all sky high. Tremendous dollar price inflation as well which I have never seen before in my time in Buenos Aires. My guess is people will eventually get fed up and riot. You can't keep raising prices of everything without salaries going up and expect to stay in office.

How long have you lived in Buenos Aires?

 

[Larry]

How long have you lived in Buenos Aires?

On and off 16 years.