Argentina election: Javier Milei's radical proposals face test of reality - BBC News

A closer look at what Argentina's president-elect has said he will do once he is in office.

1 day agoShareclose panelShare pageCopy linkAbout sharingImage source, Getty ImagesImage caption, Javier Milei won the run-off with a much wider margin than anticipatedBy Pascal FletcherBBC Monitoring, Latin America specialistJavier Milei, the anti-establishment politician who cruised to victory in the Argentine presidential election last week, has courted intense controversy with radical, provocative policy proposals and statements.

This led many detractors of the self-styled "anarcho-capitalist" to call his candidacy a "leap into the void".

Now, with the mop-haired president-elect only two weeks away from taking over Latin America's third-largest economy, many are asking, how will his policies and positions face the test of reality?

Javier Milei had proposed to dollarise the economy and eliminate the Argentine Central Bank as a strategy to "kill" hyper-inflation. This meant making the US dollar the national currency in place of the Argentine peso, whose value, Mr Milei said, had been "melting like blocks of ice in the Sahara".

Image source, ReutersImage caption, Some Argentines showed their support for Mr Milei by printing his face on mock-up dollar billsOne obstacle is that ditching the Central Bank and making the US dollar legal tender would need approval from Argentina's Congress and could even require changing the constitution.

https://www.bbc.co.uk/news/world-latin-america-67509691?at_medium=RSS&at_campaign=KARANGA

---