Milei Said He Has US$125 Billion to Face a Currency Race
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20 Articles
President Javier Milei confirmed on Monday the continuity of the Minister of Economy, Luis Caputo, and said that he has US$125 billion to face a foreign exchange run during the electoral process. “It’s a stupidity the size of a house. I have a symbiotic relationship with Caputo,” said the President. In that line, he considered “a total nonsense” the departure of Caputo and the replacement by economist Alberto Ades, with whom he met last week. “W…
The President emphatically denied rumors about changes in the Cabinet and highlighted the firepower of the Central Bank in the face of possible currency turbulence.
The President called the versions on the departure of the Minister of Economy "total shooting." He also stated that he has the necessary fire power in the Central Bank to guarantee financial stability for the electoral year. Milei's entry ratified Caputo and assured that the government has US$ 125 billion to face a currency race was first published in El Ciudadano.
In this sense, the president said that the libertarian administration is preparing for a scenario of financial tension. He compared the situation planned for next year with the one he faced during the 2025 elections.
President Javier Milei confirmed Monday the continuity of the Minister of Economy, Luis Caputo, and said that he has US$125 billion to face a foreign exchange run during the electoral process. “It’s a stupidity the size of a house. I have a symbiotic relationship with Caputo,” said the president in dialogue with Radio [...]
The President said that the government will have different sources of foreign exchange to face a possible foreign exchange crisis next year. In addition, he ruled out a possible departure of Luis Caputo from the Ministry of Economy and called the rumors “total nonsense.” President Javier Milei said his government will have USD 125 billion to [...]
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