2023-12-27 07:00:00
President Javier Miley confirmed this Tuesday that 20,000 peso and 50,000 peso bills will be issued because the current ones “make transactions difficult”while anticipating that there will be a new tax called “Kicillof Rate”to be able to pay the trial for the nationalization of YPF.
In an interview with Luis Majul on the LN+ cable channelthe head of state referred to the payment of guarantees that Argentina must make before the United States justice system, for the nationalization of YPF, for which he anticipated that work is being done on a project called Kicillof Tax.
YPF trial: the Government analyzes alternatives after confirming that it will have to pay US$ 16 billion
Milei revealed that ““We don’t have the money, we don’t have 16,000 million dollars to pay the guarantees.”and advanced about the new rate: “This is paying that debt with a good forever and that the Argentines have to pay every yeara certain amount of dollars thanks to the monstrous mistake that Kicillof made and that every day Argentines remember that this debt is due to Kicillof’s mistake.”
“That is, you are going to have a new tax called the Kicillof Tax, which is to pay the misdeeds of an amateur, someone who is not very clear about how finance works, much less the markets,” he argued.
Milei announced that $20,000 and $50,000 bills will be printed
On the other hand, he confirmed that they are going to print 20,000 peso and 50,000 peso bills. “The issue of tickets is torture, imagine that you have to make a payment in cash and You have to walk around with a bundle of papers that puts a label on your forehead that tells you to steal here.“Steal here,” he said.
“This makes transactions very difficult and has a lot of costs. I understand that the Kirchnerists will use this trick to slow the circulation of money, but we, within our program, have closed the money tap in both the Central Bank and the Treasury, therefore, the amount of money will only move when we buy dollars, then the amount of money will be fixed. There is the nominal anchor, you closed the two taps,” he concluded.
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