Central Bank is ‘mechanism of fraud’Milei also reiterated his intention to shut down the country’s central bank, calling the institution a “mechanism of fraud.”“A central bank is a fairly recent invention.
Milei admitted his reform push has stalled in Argentina’s Congress in recent weeks, but his government maintains the intention to close the central bank within three years.
In the interview, Milei claimed his government’s greatest success since entering office in December has been to beat the hyper-inflation and achieve a fiscal surplus for the first time in years.
Milei celebrated Argentina’s fiscal surplus, achieved last month for the first time in years, and said that fiscal stability is “a beacon” of his government.
Argentina’s poverty rate is over 50%, according to a report from the Argentina’s Catholic University in Buenos Aires.
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