News of dollarisation

Milei sees long slog ahead to bring Argentina reforms he pledged

05-04-2024 11:14 While Milei made shutting down the Central Bank and dollarising the economy centrepieces of his political campaign, he acknowledges plans are going to take a lot longer than he expected. 

Milei doesn’t see Argentina dollarising before midterm vote

01-04-2024 09:33 “I don’t think we’ll get there before next year’s mid-term elections," declares president in TV interview with CNN en Español.

Milei sets June deadline for lifting of capital controls

08-02-2024 06:24 Casa Rosada has a list of conditions required and assures that the dollar can be kept to around 1,000 pesos.

Milei says dollarisation isn’t a ‘short-term’ goal

06-02-2024 14:17 After making it the centrepiece of his presidential campaign, the now President Javier Milei began pushing dollarisation down his list of priorities.

Argentina still plans to dollarise, Milei’s economy chief says

15-12-2023 09:13 “The objective remains the same — to get to dollarisation,” declares Economy Minister Luis Caputo.

Dollarisation is medium-term goal, Luis Caputo tells bankers

24-11-2023 22:06 Luis Caputo, who is leading Javier Milei’s economic team during the transition, tells banking executives in Buenos Aires that currency controls won't be lifted immediately and that dollarisation is a medium-term goal.

Milei confirms dollarisation is a non-negotiable 'state policy'

02-11-2023 18:29 Presidential candidate for La Libertad Avanza says he won’t back down on two key policies – dollarisation and the elimination of the Central Bank – despite electoral pact with PRO leaders Mauricio Macri and Patricia Bullrich.

Debt, inflation and the peso: Argentina's election worries

17-10-2023 12:27 As Argentines head to the polls on October 22 for a crucial presidential election, candidates have campaigned hard on proposed elixirs for the country's economic ills.

Peso tumbles with dollarisation rush amping up before vote

05-10-2023 17:25 Argentina’s peso is tumbling as Argentines rush to exchange pesos for dollars ahead of presidential elections later this month, posting its worst losses since an August sell-off.  

World Bank sceptical over Milei’s dollarisation plans

05-10-2023 00:45 Argentina’s economy is set to contract 2.5% in 2023, according to the World Bank.

How Javier Milei would cut Argentina spending by 14% of GDP

25-09-2023 09:15 Javier Milei’s fiscal belt tightening would focus on slashing expenditures on subsidies for utility bills, like gas, electricity and water, as well as federal government transfers to poor provinces.

Former IMF board member backs Milei’s dollarisation of Argentina

21-09-2023 23:14 Mark Rosen, a former US official on the IMF's board from 2019 to 2021, offers rare show of establishment support for Javier Milei's dollarisation proposal.

Argentina economists lambast dollarisation proposal as ‘mirage’

11-09-2023 11:38 Economists lambast Javier Milei's proposal to dollarise the nation, calling the idea a mirage and warning it would spawn a new set of challenges. 

Argentina’s dollarisation is a ‘bad idea’, top economists say

07-09-2023 13:13 Dollarising Argentina’s economy — as proposed by presidential candidate Javier Milei — is a bad idea that will do little to solve the country’s long-standing fiscal problems, three of Latin America’s most-renowned economists said.

Voters toy with ditching pesos for dollars

01-09-2023 15:21 In inflation-hit Argentina, where rentals, cars, and appliances are increasingly priced in dollars to sidestep the volatile peso, presidential candidate Javier Milei has sparked debate over whether to officially adopt the currency as a remedy to a battered economy.

Ramiro Marra: ‘Dollarisation would take between nine months and two years’

31-08-2023 14:32 La Libertad Avanza’s mayoral hopeful for Buenos Aires City puts timescale on Javier Milei’s plan to adopt the greenback, but presidential candidate says it will “depend on the people.”

Milei vows to pay country’s debt while shuttering the Central Bank

16-08-2023 21:45 Presidential candidate reiterates criticism of Central Bank and says fiscal plan will create financing; Sovereign bonds have sold off since unexpected result.

'A complete reform of the State': Milei presents plan for government

03-08-2023 15:45 Libertarian presidential hopeful outlines ideas for privatisation of healthcare, education and public works projects. Milei intends to slash government portfolios, unifying ministries while eliminating the Central Bank.

Hanging on in quiet desperation

29-04-2023 05:35 The chain of events that will be most consequential in delivering the next inhabitant of the Casa Rosada have already been set in motion. They are irreversible.

by Agustino Fontevecchia

Milei’s policies – and poll numbers – spark concern

22-04-2023 07:00 Outspoken libertarian lawmaker Javier Milei looms larger each day over Argentina's upcoming election, with his politics, proposed policies – and poll numbers – shocking the establishment.