On a day that is already projected as a turning point in the country's economic history, President Javier Milei gave an exclusive interview on Neura where he described the end of the currency clamp as "a historic event" and "the day of liberation." After agreeing on new financing with the International Monetary Fund, the libertarian administration ended one of the most harmful restrictions inherited from the populist model: the dollar clamp.
"We are witnessing something never seen in Argentine history: fiscal balance, fixed money supply, and free exchange rate," stated the president. Unlike the failed attempt at currency opening carried out by Mauricio Macri, Milei assured that his government acts with a consistent program architecture, planned and executed in three phases: closing the fiscal tap (zero deficit), eliminating the quasi-fiscal deficit (Central Bank liabilities), and finally, the liberation of the exchange market.
The president emphasized that this exit was not an imposition by the IMF, but a sovereign decision: "It's a blatant and gross lie by lying journalists and economists," he shot without hesitation.
Regarding the exchange rate, Milei explained that "all monetary factors push for the exchange rate to fall," and projected a dollar that will trade below $1,000, stating that this will be the lower band of the new scheme. "It's not a devaluation," he clarified, "the lower band is below the previous official exchange rate, which was $1,100."
In the face of inflationary alarmism driven by media and opposition sectors, Milei was blunt: "Either prices go down or they go bankrupt. It's their decision, I'm not going to say what price they have to set." Thus, he targeted business speculation that seeks to perpetuate distorting practices now that the anchor of the official dollar has been removed. Among the immediate achievements of the measure, Milei highlighted:
The jump of more than 5% in sovereign bonds,
