Javier Milei argues that Argentina’s central bank should not exist
Nor is there a future with the peso, says the presidential front-runner
IN 1935 THE Central Bank of the Republic of Argentina (better known by its Spanish-language acronym, BCRA) was created. It marked the beginning of one of the greatest swindles in our country’s history. In the years following the BCRA’s founding, annual inflation rose to double digits, violently redistributing income and reducing workers’ purchasing power. The peso, which previously had been one of the world’s strongest currencies, started its ignominious decline, laying the foundations for the rise of Peronism.
From the September 30th 2023 edition
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