HawkInsight

  • Contact Us
  • App
  • English

Closing the central bank, abolishing the national currency, can Argentina's economy be great again??

Argentina recently welcomed such a painting style of new president。This new president, Millet, has been a rocker, a footballer, and an economist.。However, some netizens believe that he may have another identity, that is, the last president in Argentine history.。As the saying goes, a new official takes on three fires.。The first fire of this Millet took office burned to his own people, directly cut down government departments, useless to cancel, less people on the merger, the main focus is a fiscal does not support idle people; the second fire, Millet burned the central bank of Argentina。Millay said, anyway, now that inflation in Argentina is so severe, the Argentine peso is worthless at all, and it is estimated that no further rescue will be saved, and the entire Argentine currency will be used in dollars and virtual coins in the future.。THIRD FIRE, MILLE BURNS ARGENTINA'S FOREIGN POLICY。The main one is the total denial of former President Fernandez.。In August this year, Fernandez said he would join the BRICS countries and increase cooperation with China.。But when it came to the Millet government, there was a 180-degree reversal of its attitude towards China, clamoring to sever cooperation with China, and ordering a halt to its membership in the BRICS, which caught China off guard.。In fact, Millet's call for full dollarization makes sense in theory.。But where does the dollar come from??The solution given by the new president is to realize the equity assets, that is, to sell the state assets held by the Argentine government, which means that in the short term Argentina's economy can catch its breath, but in the long run, the result is likely to be Argentina's monetary policy is led by the nose, or even become a financial colony in the practical sense.。But now Argentina has no time to think about the future

·Original

Disclaimer: The views in this article are from the original author and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.