Argentina's new president Milei: From dollarization to climate change - Breaking The News
Download our appPlay StoreApp Store

Argentina's new president Milei: From dollarization to climate change

EPA-EFE/JUAN IGNACIO RONCORONI

Argentina is preparing to inaugurate its President-elect Javier Milei on December 10 and face all the changes he announced in order to pull the national economy out of the deep crisis. Among the urgent economic measures that Milei promoted during his campaign, the liquidation of the Central Bank of Argentina and the elimination of monetary emissions stand out, as he considers this to be the main reason why inflation in the country soared 142.7%. Another controversial economic move proposed by Milei is the dollarization, or imposing the US dollar as the official currency instead of the Argentinian peso. The president-elect also announced severe federal spending cuts, and as a result, the number of ministries is expected to be reduced from 18 to 8.

Milei's approach to climate change is considered conservative, which is why he is compared to former US President Donald Trump or Brazil's Jair Bolsonaro. In particular, the Argentinean claims that climate change is an invention of socialism and that humans have had no influence on global warming. Trump even said he was proud of Milei after his triumph in Argentina.

However, financial markets reacted with optimism to Milei's victory. Argentina's S&P Merval stock index rose more than 20% in the days following the election and has been on an upward trend since then.

Related News
Netanyahu seeks trial delay amid Milei's Israel visit
Israeli Prime Minister Benjamin Netanyahu has requested to postpone his upcoming criminal trial hearings due to Argentine President Javier Milei's planned visit to Israel, according to Hebrew media reports on Friday.Netanyahu cited his involvement in Milei's scheduled tours as the reason for the delay, submitting the request to the Jerusalem District Court. Additionally, he asked to reschedule one of his testimony days next week from Wednesday to Tuesday to...
Trump meets Milei, invites him to White House
United States President Donald Trump met with his Argentine colleague Javier Milei at the Conservative Political Action Conference (CPAC) and discussed "groundbreaking economic reforms" and bilateral cooperation and also invited him to visit Washington, the White House said.Milei's visit to the White House could happen "in the coming months." Argentina's president attended CPAC earlier on Saturday, remarking that he is an "outsider" like Trump, declaring...
Milei: Trump is an outsider like me
Argentinian President Javier Milei said on Saturday while speaking at the Conservative Political Action Conference (CPAC) that United States President Donald Trump is an "outsider" just like him.Milei explained that the incoming challenges aren't for "traditional politicians" who lived their entire lives in the system, but rather for those "who believe that change is more important than power for power's sake.""We are seeing in real time the way the world is branching...
Argentine prosecutor probes Milei over crypto scandal
Argentina's federal prosecutor Eduardo Taiano launched an investigation into the country's President Javier Milei and several entrepreneurs for the Libra cryptocurrency scandal, local news outlets reported on Friday. The prosecutor intends to clarify whether the actions of the defendants showed indications of crimes such as abuse of power, fraud, influence peddling and bribery, according to the reports. As part of the investigation, the prosecutor ordered several...

Please observe our Terms of Use. The price information is time delayed to varying extents, but as a rule by 15 minutes or more, according to the regulations of the selected stock exchange and/or licensors and the type of securities.

© 2025 TeleTrader Software GmbH. All rights reserved

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.