President Javier Milei said Argentina is “very close” to being able to dollarize its economy, a flagship proposal of the libertarian economist’s campaign that some observers said had seemingly been put on ice. “We are very close to being able to dollarize,” Milei said in an interview with Colombian journalist Patricia Jainot uploaded on Thursday to her You Tube account. “If we could clear all the interest-bearing liabilities, Argentina would be in a position to dollarize [its economy] with very little money. The president added that dollarization had been delayed due to the “macroeconomic disaster” that his government received from the previous administration. “To dollarize, you need dollars — and [the government] doesn’t have them.”The Herald reached out to a Economy Ministry spokesperson for comment but did not receive an immediate response.

Source: Bueno Aires Herald January 26, 2024 22:35 UTC