Milei Said He Has US$125 Billion to Face a Currency Race
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14 Articles
The President emphatically denied rumors about changes in the Cabinet and highlighted the firepower of the Central Bank in the face of possible currency turbulence.
The President called the versions on the departure of the Minister of Economy "total shooting." He also stated that he has the necessary fire power in the Central Bank to guarantee financial stability for the electoral year. Milei's entry ratified Caputo and assured that the government has US$ 125 billion to face a currency race was first published in El Ciudadano.
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 [...]
Javier Milei supported Luis Caputo. (Juan Mateo Aberastain / MDZ) The president referred to the risk of a currency run during the electoral process and assured that the government has tools to deal with it. President Javier Milei said that Argentina will have US$125 billion to face an eventual exchange rate run in 2027...
The president declared that, although it does not foresee an acceleration of the exchange rate tension, the country has reserves and funding that total $125 billion for next year.
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