“Free currency competition will arrive in Argentina in 2025,” promises Javier Milei

As part of the speech he offered to the country, within the framework of the first anniversary of his government, the president of Argentina, Javier Milei, announced that in 2025 he will lower taxes and advance in the process of closing the Central Bank.

In his address The president assured that the plans to implement a fiscal reform are in full advance. “My team is finishing these days a structural tax reform that will reduce the amount of national taxes by 90 % and return to the provinces the tax autonomy that they should never have lost,” he said.

He added that with these measures he hopes that next year “a true fiscal competence between the Argentine provinces to see who attracts more investments.” A favorable result that also expects is presented in monetary matters, a sector in which it considers that Very good results have been obtained.

He highlighted, in that sense, the convergence that is currently observed between the parallel currency market and the officer, with the weight quoting with greater strength in the black market. A fact that takes as an indicator of strengthening the peso against the dollar during the last six months, and that shows that Argentines have greater confidence in its local currency.

Milei relies on this situation to highlight the progress of its measures, characterized by what the zero broadcast plan, through which Avoid the creation of money and reduced fiscal spending. He is now preparing to fulfill one of the main promises he made during his electoral campaign: the closing of the Central Bank.

In that sense, he points out that they are working on a “definitive solution” for the agency’s stocks, which may come from an agreement with the International Monetary Fund (IMF) or with private investors.

With this, the president hope to end the so -called exchange rate and “forever” inflation, also announcing the implementation of a free competition scheme, which will allow people Use any currency in your daily operations. «They will be able to use the currencies that they want in their daily transactions With all freedom, ”said Milei.

This means that from now on each Argentine can sell, buy or invoice in dollars or in the currency they consider, except for the payment of taxes that, for now, will continue to be in pesos.

Javier Milei, president of Argentina.

It is one of the electoral offers that most attracted the country’s bitcoiners because it also opens the possibility for the free use of cryptocurrencies such as Bitcoin. However, they still expect the president to implement a favorable regulation for sector, as they question some of the measures that have been taken during this year.

With all this, the Argentine president says that the country He moves away from the rise and down that characterized his economy. And although he thinks that there are still many adjustments to make, “the economy seems to have begun to wake up, according to the indicators of the last three months.”

This gives margin to start lowering taxes and entering the second phase of the government program, which contemplates deepening the cut of public spending.

Approaches with Trump’s government

Milei also said that among his goals for the incoming year is the impulse of a free trade agreement with the United States, in addition to the members of Mercosur to trade freely.

“The Treaty with the US should have happened 19 years ago,” Milei insisted, not to mention that his goal coincides with Donald Trump’s return to the presidency of the United States, and with The approaches that both presidents had after the triumph of the Republican.

As Cryptonoticia has reported, the government plans of Milei and Trump have several coincidence points. Among them, the willingness to allow the free development of the ecosystem linked to cryptocurrencies.