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Milei: Shutting Down Central Bank "Non-Negotiable"


Argentina President-elect Javiar Milei has said in a statement: "With regards to false rumours that have circulated, we wish to make clear that the closure of the Central Bank of the Argentine Republic is not a matter for negotiation."

  • Milei says in the statement that, on December 10, economist Osvaldo Giordano will be appointed head of the National Social Security Administration (ANSES) and engineer Horacio Marin as head of majority state owned energy company Yacimientos Petrolíferos Fiscales (YPF).
  • Milei announced his intent to privatise YPF on the day of his election win, stating: “Everything that can be in the hands of the private sector will be in the hands of the private sector.”
  • Oliver Stuenkel at Foreign Policy notes that despite winning the largest vote share by any candidate since 1983, Milei's, "mandate for change—and his capacity to deliver it—may be smaller than it appears."
  • Stuenkel writes: "He also lacks an established party structure and a large pool of allied technocrats he can appoint to key positions in his administration," and, "the fact that most mainstream economists believe Milei’s plan for dollarizing Argentina’s economy is unworkable may strengthen attempts to kick some of his more radical ideas down the road."

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