BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home BREAKING NEWS

Argentina is Closing Their Central Bank and Here is Why

by BlockNews.com Team
November 24, 2023
in BREAKING NEWS, BUSINESS, FEATURED
Reading Time: 2 mins read
A A
#image_title

#image_title

5
SHARES
80
VIEWS
Share on XShare in TelegramShare on Reddit
  • Argentine president-elect Javier Milei has stated shutting down the country’s central bank is “non-negotiable” despite facing challenges to implement his reform agenda.
  • Milei is assembling a new government ahead of taking office, picking a mix of libertarian allies and more moderate mainstream conservatives.
  • Milei faces obstacles to enact his transformative economic vision, with limited Congressional seats and political capital. He may need to temper proposals like shuttering the central bank.

Argentine president-elect Javier Milei has stated that shutting down the country’s central bank, a key campaign promise, is “non-negotiable”, according to a statement from his office.

Milei Assembles New Government

The libertarian economist is racing to assemble his new government ahead of taking office on December 10th. There are some indications he may be picking a more moderate cabinet than initially expected.

Argentina’s social security administration, a vital institution given Milei’s pledges to cut state spending and subsidies, will be led by economist Osvaldo Giordano. This marks a shift from earlier plans to appoint a close ally.

Horacio Marin, a private energy executive, has also been confirmed as the new head of state oil company YPF.

Challenges Ahead

Milei faces major obstacles to implement his more radical reform agenda, including dollarizing the economy, shutting the central bank, and privatizing state companies like YPF.

🚨 NEWS: 🇦🇷 Argentina President Javier Milei stated he plans to shut down the central bank.

He believes "the closure of the central bank is not a negotiable matter."

Is #Bitcoin the answer here? pic.twitter.com/4H7n4L9GQQ

— BlockNews.com (@blocknewsdotcom) November 24, 2023

His libertarian coalition has limited Congressional seats and no provincial governors. Milei must also balance demands from the mainstream conservative bloc whose support was critical to his election victory.

Conclusion

The anti-establishment Milei has an uphill battle to enact his transformative economic vision. With limited political capital, he may need to temper proposals to shutter the central bank and make other sweeping changes.

Tags: ArgentinaBank CrisisBusinessCentral Bank
Tweet1ShareShare
Previous Post

Do Kwon Faces Extradition Decision by Montenegro Court

Next Post

Around The Block: November 24 Week in News

DON'T MISS THESE! HOT OFF THE PRESS

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth
CRYPTO

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

July 18, 2025
Clarity Act Passes House: Cardano Eyes Commodity Status as New Crypto Rules Take Shape
CARDANO

Clarity Act Passes House: Cardano Eyes Commodity Status as New Crypto Rules Take Shape

July 18, 2025
The Retail Crypto Comeback: Why This Time Feels Different
CRYPTO

The Retail Crypto Comeback: Why This Time Feels Different

July 18, 2025
Is Floki Inu the Most Underrated Play of the 2025 Bull Run?
CRYPTO

Is Floki Inu the Most Underrated Play of the 2025 Bull Run?

July 18, 2025
House Passes Key Crypto Bills—GENIUS Act Heads to Trump’s Desk
CRYPTO

House Passes Key Crypto Bills—GENIUS Act Heads to Trump’s Desk

July 17, 2025
SPX6900: The 100x Meme Coin Redefining the 2025 Bull Run
CRYPTO

SPX6900: The 100x Meme Coin Redefining the 2025 Bull Run

July 18, 2025
Load More

Related News

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

July 18, 2025
President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

July 18, 2025
President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

July 18, 2025
Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself

Trump Signs Genius Act Stablecoin Act, Says They Named the Bill After Himself

July 18, 2025
Clarity Act Passes House: Cardano Eyes Commodity Status as New Crypto Rules Take Shape

Clarity Act Passes House: Cardano Eyes Commodity Status as New Crypto Rules Take Shape

July 18, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin US Web3 X xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.