President Javier Milei Lays out Blueprint for Dollarization in Argentina

[LongIslander]

Here is his plan.

Bloomberg - Are you a robot?

Non-Paywall:

https://archive.is/RU0r4

 

[Larry]

Here is his plan.

Bloomberg - Are you a robot?

Non-Paywall:

https://archive.is/RU0r4

That is NO plan. He has been saying the same thing as before he got elected. There is no plan.

 

[Lanick]

You gotta give it up for Milei supporters. They sure are intellectuals.

https://twitter.com/x/status/1793363417383698825

 

[Finance Prof]

I still don't see this happening for quite a bit of time. As much as Milei and his team want it to happen I just don't see it in the cards.

 

[Larry]

So much for dollarization.

How Javier Milei Is Battling the Worst Tax of All—Inflation - FEE

The battle is far from over, but there seems to be reason for optimism.

fee.org

 

[Finance Prof]

There are a lot of moving parts. Dollarization isn't happening any time soon. Must read article.

Milei's Bold Zero Emission Gamble Amid Argentina's Economic Challenges

President Javier Milei's plan to eliminate monetary emissions aims to curb Argentina's inflation and stabilize the exchange rate. This ambitious move faces challenges from low central bank reserves and a slowly recovering economy.

latinamericanpost.com

 

[Avocado]

So much for dollarization.

How Javier Milei Is Battling the Worst Tax of All—Inflation - FEE

The battle is far from over, but there seems to be reason for optimism.

fee.org

Yes, we won't see dollarization for a long time if at all.

¿Crecer con cepo?: el plan de Milei sumó más dudas sobre cuándo se levantarán las restricciones al dólar | TN

El Gobierno insiste en que “no hay apuro” para liberar las trabas cambiarias y reactivó un fuerte debate entre los economistas y referentes del mercado. Los riesgos que advierten los especialistas.

tn-com-ar.translate.goog

 

[Vince]

Nope. Doesn't sound like Dollarization is in the cards for a long time if at all. Now Milei is saying CEPO isn't going away until Q4 of 2025. 2025 is going to be really tough with all the debt payments due.

 

[Uncle Wong]

Nope. Doesn't sound like Dollarization is in the cards for a long time if at all. Now Milei is saying CEPO isn't going away until Q4 of 2025. 2025 is going to be really tough with all the debt payments due.

What will this mean for mid-term elections in 2025? I just see that mountain of debt that is due next year. Still not sure where all the money will come for this?

 

[Jenn]

What will this mean for mid-term elections in 2025? I just see that mountain of debt that is due next year. Still not sure where all the money will come for this?

Won't the government have to eventually devaluate the currency again driving up inflation again? Seems like an endless loop.

 

[Piranha]

Won't the government have to eventually devaluate the currency again driving up inflation again? Seems like an endless loop.

Correct. I read this blog today and it was very realistic. I don't see any way the currency won't get devalued in the future.

Eyes on the 2025 Midterm Prize

Will the exchange rate restrictions get lifted before Q4 2025, and what are the consequences of keeping them active?

www.bowtiedmara.io

 

[Finance Prof]

Great to see more and more people depositing Dollars into the formal banking system. We are probably a long way off from dollarization however.

Argentine Banks Are Filling Up With USD Deposits, But Dollarization Remains Ellusive - Nearshore Americas

Argentine banks are seeing a tremendous increase in USD deposits, though President Milei's dollarization plan remains ellusive.

nearshoreamericas.com

 

[Nasdaq]

What will this mean for mid-term elections in 2025? I just see that mountain of debt that is due next year. Still not sure where all the money will come for this?

This is the billion-dollar question. The government is saying "trust us we will figure it out" but the numbers don't add up. We are in the middle of a recession. No one is spending money. People are having to cash in their dollar savings to pay bills. Not sure what will happen after mid-term elections in 2025.

 

[Digital Nomad]

This is the billion-dollar question. The government is saying "trust us we will figure it out" but the numbers don't add up. We are in the middle of a recession. No one is spending money. People are having to cash in their dollar savings to pay bills. Not sure what will happen after mid-term elections in 2025.

Hilarious seeing CFK trying to give advice on the economy. 🤡

https://twitter.com/x/status/1834695209768083587