What could change in daily life?
Ten days after taking office, and on the eve of the festive holidays, Milei presented his "necessary and urgent" decree to loosen some of the rules governing the country's economy as annual inflation hit 160 percent.One big change will be the removal of all constraints between tenant and landlord, such as laws on rental increases.
In recent years landlords have increasingly priced their properties in dollars to avoid being stuck with rental income long overtaken by soaring inflation. This has been a nightmare for renters in a country where access to dollars had been strictly controlled.
Milei has also loosened labor laws, with the trial period for new employees going from three to eight months. Compensation laws for dismissal without cause have been modified in favor of companies and he plans to renegotiate labor agreements in force since 1975.
He also scrapped limits on exports, and said the internet market will be liberalized.
Source:
What to know about Milei's bid to liberalize Argentina's economy
Argentina's libertarian President Javier Milei this week unleashed a mega-decree to change or scrap 366 economic rules in a country accustomed to heavy government intervention in the market.
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