The Argentine government does not think it is time to lift currency restrictions that have been in place since 2019. This was stated by the President of the country Javier Miley, his words were quoted by the publication. Finance Times (FT).
“We are not communists, we are libertarians. “The fundamental philosophical question is that I don’t set deadlines, I don’t think in terms of central planning,” he explained.
In the summer of 2024, the country’s Economy Minister Louis Caputo said that the removal of foreign exchange restrictions would coincide with the completion of the second phase of economic reforms. They need to strengthen confidence in the country’s economy.
In December 2023, Miley signed an executive order on more than 300 reforms aimed at deregulating the economy. This document reflects his vision for the development of the country. Some provisions were signed into law and approved by parliament in June.
Recently, the mayor of Landeta, Juan Domingo Bravo, said that many Argentinians express dissatisfaction President Javier Miley’s policies make it unlikely the president will be re-elected for a second term.
Miley before in the name The UN is a “tentacled giant”.