Another change in the Milei team: Demian Reidel will not preside over the Central Bank

2023-11-25 20:08:20

The physicist and economist Demian Reidelwho had been identified as the person who would possibly chair the Central Bank (BCRA) As of December 10, he finally rejected the offer of the president-elect, Javier Miley. According to him, his decision would have been motivated by differences in the economic plans of the libertarian leader.

Rumors about the offer of the position to Reidel, who resides in the United States, began to circulate after it became known that the position would not be for the economist. Emilio Ocampowho had initially been suggested to lead the institution.

The possible director of Javier Milei’s Conicet denied that it is going to close: “We are going to continue working and very hard”

Recently, Reidel had been linked to the ideas of the libertarian leader and had traveled to Argentina for the elections. He was even in the La Libertad Avanza bunker during the runoff, where Milei beat Sergio Massacandidate of the ruling party.

The portfolio co-founder at QFR, who was vice president of the Central Bank in 2016 – when the president was Federico Sturzenegger – declined the offer due to differences over the dollarization plan and the way in which it is intended to resolve the issue of the Leliqsa debt instrument remunerated from the Central only available to banks.

This was confirmed by Reidel, who indicated that there is “an issue of policy design differences“and that he considers that there are other professionals who “can do that better.” However, in statements to The nationthe economist clarified that he is on the best terms with officials close to the elected president: “I support Milei’s government 100%. I am a mileista from the first hour.”

Demian Reidel.

“We won! Now begins the new history of Argentina. Thank you Javier Milei”, he had written in his account “X” (ex Twitter), when the results of the second round were known. In the message, he added: “Just I would like dad to be here and we would give each other a hug like when we won the world cup. At times like this I miss him more than ever. For you old man.”

Now, the possibility is being considered that a Luis Caputo’s trusted man, chosen by Milei to occupy the chair of Minister of Economy, is in charge of the BCRA. This would be Pablo Quirno, who was Chief of the Finance Cabinet when Caputo was Mauricio Macri’s minister and then moved to the Central Bank.