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Milei - 2 Argentina Javier Milei - 2 Donald Trump - 2 Diego Maradona - 1 Tomas Cuesta - 1 Javier Milei - 1 Steve Hanke - 1 Hanke - 1
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Argentine Central Bank - 1 Getty - 1 Monday - 1 Johns Hopkins University - 1 Argentine Congress - 1 International Monetary Fund - 1 CNBC - 1 U.S . - 1

Search resuls for: "Argentina Javier Milei"


2 mentions found


☆ Crisis-stricken Argentina must dollarize and get rid of the central bank, veteran economist says
  + stars: | 2024-03-15 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com   time to read: +4 min
A man wearing a Diego Maradona t-shirt walks by the Argentine Central Bank on November 30, 2023 in Buenos Aires, Argentina. Data published Tuesday by the country's statistical office showed that Argentina's 12-month inflation rate through February rose to 276.2%, reaffirming Argentina's position as having the world's worst inflation. Hanke said that in 1999 he had drafted a law at the request of former President Carlos Menem that would have dollarized Argentina's economy. Advocates of dollarizing Argentina's economy say the switch could help the country tame skyrocketing inflation and bring an end to its boom-and-bust cycle. Ecuador and Panama are two notable examples of countries that have previously dollarized their economies, but no country of Argentina's size has previously shifted to the U.S. dollar.
Persons: Diego Maradona, Tomas Cuesta, Javier Milei, Steve Hanke, Milei, Hanke, CNBC's, Carlos Menem, he'd, Argentina Javier Milei, Donald Trump Organizations: Argentine Central Bank, Getty, Monday, Johns Hopkins University, Argentine Congress, International Monetary Fund, CNBC, U.S . Locations: Buenos Aires, Argentina, London, Ecuador, Panama
☆ Trump-admiring populist Milei wins in Argentina, edging the country closer to a dollarized economy
  + stars: | 2023-11-20 | by ( Sam Meredith | ) www.cnbc.com   time to read: +2 min
Newly elected President of Argentina Javier Milei of La Libertad Avanza speaks after the polls closed in the presidential runoff on November 19, 2023 in Buenos Aires, Argentina. Argentina's Javier Milei, a far-right political outsider often compared to former U.S. President Donald Trump, vowed to deliver on his radical economic policies shortly after winning the country's presidential run-off. Among some of his proposed policies, Milei has pledged to dollarize the economy, abolish the country's central bank and privatize the pension system. We have the determination to put Argentina on its feet and move forward," Milei said shortly after his victory, according to a translation. The challenges facing Milei's presidency are significant, however — particularly given that the country is once again in the grip of a profound economic crisis.
Persons: Argentina Javier Milei, La Libertad Avanza, Argentina's Javier Milei, Donald Trump, Sergio Massa, Milei Organizations: La Libertad, Peronist Economy Locations: Argentina, Buenos Aires
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