“The change in the monetary regime is part of our second stage of our Government,” Adorni assured and added that it will come after the implementation of the Bases law which, after the final sanction of Deputies, now remains the regulation of the Executive Branch.
“The new monetary regime is going to be that of the total liberation of the currency, where each one can choose which one to transact and “That will be accompanied by a reform of the financial system,” he stated.
The President assured that “the stage of zero deficit has already passed”while highlighting that “the change of monetary regime is coming” and said that next August it could be carried out “the reduction of the COUNTRY TAX”.
“The zero deficit stage has passed and now the change in the monetary regime is coming”the president said in an interview on La Nación+, where he also downplayed the payment of bonuses to retirees.
Meanwhile, he stated that “In August the reduction of the PAIS Tax could be carried out” and confirmed that Federico Sturzenegger “will join the Cabinet next week.”
What will phase 2 of the Government be like?
After announcing the beginning of phase 2, Milei detailed what the process that the Government will face during the coming months will consist: “In phase 2 you begin to take advantage of the benefits of having done the stabilization. This will mean a recovering level of activity, an improvement in employment, an improvement in salaries, retirements, lower interest rates, the existence of credits and an investment process where the RIGI plays a fundamental role in achieving investments. “.
As the president introduced, “it means starting to put an end to inflation, and when you finish it we can go to the emission law 0“where the president, the Minister of Economy and the board of directors that approves such things will go to prison.”
He added: “Now comes the change in monetary regime. We are aiming for what is called the broad monetary base to remain unchanged. The fiscal tap is closed; at this stage we have largely eliminated remunerated liabilities.”
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