The elected President of Argentina, Javier Millay, changed his mind about pursuing the policy of “dollarization” of the country’s economy, and therefore his supporter Emilio Ocampo refused to become the head of the Central Bank. This was reported by Finance Times.
Journalists recall that Ocampo, more than anyone else on Miley’s team, advocated abandoning the Argentine peso in favor of the US dollar. During the election campaign, Miley said Ocampo would take over the Federal Reserve to close it down.
However, a source close to Ocampo confirmed recent media reports that the former investment banker will not take over as governor of Argentina’s central bank.
“The only reason Ocampo is here is [Центральном банке] It should have turned into dollarization. “He does not go to the Central Bank to realize the plan of someone he does not accept,” the same source said.
Javier Miley, 53, who received 55.69 percent of the votes in the second round, heads the Libertarian Party, which is part of the right-wing Freedom Comes alliance. He advocates minimal government intervention in life, plans to abolish the Central Bank, and proposes replacing the national currency with the dollar. The politician will not develop interstate relations with Brazil, China and Russia, but will not hinder the interaction of the private sector with these countries. Details are in the material “Newspapers.Ru”.
Argentinian economy before guess collapse due to abandonment of former partners.