Last night, Argentina’s president, Javier Milei, gathered his office at Casa Rosada to announce the country’s new agreement with the IMF and the end of currency controls. According to the Acept newspaper, Milei gave a national speech and emphasized that “everything is going as planned.”
In a message recorded with members of his cabinet and libertarian leaders, he emphasized that “the Ministry of Economy and the Central Bank of the Argentine (BCRA) finally broke the last link in the current that has kept the national economy for 15 years.” “From this moment on, we forever eliminate exchange rate controls about the Argentine economy,” Milei emphasized in the speech.
Although he said that “inflation will collapse because there will be no ballast weight issuance,” he stressed that this month, the Argentines attended an interruption in the misinflation process. “These are the effects of the aberration of Guzmán Law, which forced us to go to Congress to request authorization for this agreement with the IMF,” said Milei.
The Argentine president noted that “never, never, in the last 120 years, there has been fiscal order, monetary order and exchange order at the same time” in the country.