Javier Milei

Katarina Hall | 4.9.2024 2:49 PM

Argentine President Javier Milei blamed politics for being unable to fulfill his campaign promise of dollarizing the country's economy, suggesting that such a move could have led to his impeachment.

"It's not that it wouldn't have been unfeasible to do that in technical terms, but we did infer that in political terms, politics was going to play dirty," Milei said during an interview with Bloomberg last week.

During the interview, Milei spoke of the challenges he faces as the leader of the South American country, including a "bankrupt" central bank and a "fiscal, monetary, and currency disaster of extravagant proportions." Milei's initial plan to overturn the crisis was to anchor Argentina's economic future to the U.S. dollar.

"We had a strategy to dollarize. It was to take the assets of the Central Bank against the national government, transfer those securities to the market, and........

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