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Pro-Bitcoin President Milei Wants To Dissolve Argentinian Central Bank, Here’s Why

Press Releases Crypto News Bitcoinist Pro-Bitcoin President Milei Wants To Dissolve Argentinian Central Bank, Here’s Why

Pro-Bitcoin President-Elect Javier Milei has announced plans to dissolve Argentina’s Central Bank to combat the country’s economic crisis and inflationary pressures.

Milei To Abolish Argentina’s Central Bank

In a press release published by the Office of President Javier Milei on X (formerly Twitter), the administration declared that all official information regarding Milei’s future government decisions would be exclusively communicated through its X channel.

“The Office of the President-elect of the Argentine Republic announces that the only official information about the future government, led by Javier Milei, is that published by this channel,” the press release stated.

The publication also officially debunked the recent rumors surrounding the fate of Argentina’s Central Bank. According to the statement, Argentina’s President-elect has deemed the elimination of the Central Bank a non-negotiable matter.

“In response to false rumors, we wish to clarify that the closure of the Central Bank of the Argentine Republic (BCRA) is not a negotiable matter,” the publication stated.

Earlier in May this year, Argentina’s central bank raised its benchmark interest rate by six percentage points to 97% in an attempt to tackle the nation’s skyrocketing inflation. Argentina’s inflation this year has also accelerated to almost 143%.

Milei’s plans to dissolve the country’s Central Bank and potentially implement a dollarisation program is a testament to his visions for the country’s economic recovery. The pro-Bitcoin President has promised to combat inflation challenges in Argentina and transform th

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Author: Scott Matherson

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