Llao Llao Forum: Javier Milei explained his dollarization plan to businessmen

2023-04-18 23:55:00

Javier Miley appeared this Tuesday before the businessmen of the “Red Circle” gathered in the Llao Llao Forum and explained his dollarization plan that he would carry out if he were elected Prime Minister.

After his presentation, the deputy and pre-candidate for president for La Libertad Avanza answered questions from the businessmen present, and left some political concepts. In addition, he reaffirmed that he would not join Juntos por el Cambio, but clarified that Yes, it might coincide with Mauricio Macri and Patricia Bullrich in a new space.

The libertarian representative maintained that it is possible apply a dollarization, beyond the lack of reserves and excess weights. This idea added to that of “set fire” the Central Bank (BCRA)are the two decisions that generate the most uncertainty in business and investors.

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Milei developed aspects of hyperinflation and the difficulties the country is experiencing to reverse it. During a previous press conference, she defended her dollarization plan and He denied “the technical errors that analysts make” that warn regarding the risk of its implementation: “they say nonsense”.

The economist recognized that there may be people who are scared by dollarizationlike “the caste”, And by the way, he stated: “The only ones who lose with dollarization are the politicians who steal with seigniorage, the political scam is over and I don’t think anyone is in favor of theft, of corruption. I do not agree”.

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Dollarization and the social cost

At the time that conveyed to the audience that “there will be no social cost”, made a historical reference to the application of shock programs in Argentina, which were beneficial each time they were implemented, pondering the convertibility plan as the most successful.

Between thethe measures explained by Milei when asked by the businessmen present, defined that will start taking them from “day one” of his management, and that in the event that the legislature does not approve the dollarization plan, he would go to a popular consultation for “people to decide if they want a solution that ends inflation once and for all.”

LM / ds

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