Argentina's Milei targets monetary policy shift after reform bill win
BUENOS AIRES -Argentina's President Javier Milei will turn his attention to monetary policy reform after scoring his first major legislative win in Congress, the libertarian leader said on Friday.
The economist and former pundit has pledged to undo myriad currency controls that stymie business and trade, though needs to dig the country out of an economic recession and rebuild depleted foreign currency reserves to be able to do so. "The zero deficit stage has already passed, now we are going to the zero emission stage. The change of monetary regime is coming," Milei said in the interview, adding the economy would start to stabilize in"phase 2" of his economic plan.
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