The Five Economic Proposals of Javier Milei and Juntos por el Cambio

According to the compilation of speeches and public statements, these are the five economic proposals of Javier Milei and Juntos por el Cambio, aimed at removing the left from power in Argentina.

In the statements of Milei and his campaign team, as well as those of the economists from Juntos por el Cambio, five economic proposals stand out.

While there are some similarities, the key points include dollarization and a bimonetary economy.

Five Economic Proposals of Javier Milei and Juntos por el Cambio

A system that allows the use of the US dollar, the elimination of exchange rate restrictions, the reduction of public spending, the role of the Central Bank, and the feasibility of these measures.

One aspect of both opposing factions in Argentina is the dollarization of the economy, which involves adopting the US dollar as the sole currency and eliminating the Argentine peso.

Milei refers to the peso as the “currency of the elite,” a term he also uses to refer to those in politics.

While the libertarian candidate claimed to have five proposals for dollarization, his campaign team assured CNN that his potential government would adopt the project designed by economist Emilio Ocampo.

In his personal blog, Ocampo explains that dollarization involves converting the pesos, monetary base, liabilities, and assets of the Central Bank into the dollars that the country obtains.

The bimonetary economy scheme promoted by Juntos por el Cambio proposes legalizing the circulation of the US dollar alongside the peso, as is the case in Uruguay.

Elimination of Exchange Rate Restrictions: Five Economic Proposals of Javier Milei

Another of the five economic proposals of Javier Milei and Juntos por el Cambio is the elimination of exchange rate restrictions. Both proposals include the removal of exchange rate restrictions.

Similarly, although they provide little detail on “how,” another of the five economic proposals of Javier Milei and Juntos por el Cambio is to reduce public spending.

Both economic proposals include lowering the level of public spending, although neither specifies by how much.

In concrete terms, Milei stated that he would eliminate 11 ministries, leaving a structure of eight.

Bullrich also stated that a potential government under her would consist of eight ministries, although she did not specify which ones.

A more complex aspect of the five economic proposals of Javier Milei and Juntos por el Cambio is the role of the Central Bank.

Milei has repeatedly stated that he would eliminate it and return to the model of the country prior to the creation of the Central Bank in 1935.

The proposal of Juntos por el Cambio aims to reform the Central Bank through a modification of its charter. Similarly, they propose economic reforms in Argentina that need to pass through Congress.

These are the five economic proposals of Javier Milei and Juntos por el Cambio, which would represent a radical change in the southern nation.

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