The libertarian leader Javier Mileiwho was elected president of Argentina on Sunday, noted that Controlling high inflation in your country will take between 18 and 24 monthsin defining his first government measures, including privatizations and deep state reform.

“Let’s start with state reform firstto make the public accounts cash very quickly,” he declared on Monday Radio Miter the ultra-liberal economist, who won a resounding victory at the ballot box on Sunday.

In a series of radio interviews, Milei assured have a “clear plan” to tackle the economic crisis Argentina is experiencingwith an annual inflation rate of over 140% and a poverty rate of 40%.

Guillermo Lasso congratulates Javier Milei after the presidential elections

In this sense, he explained that he must first reduce the level of inflation stop the monetary issue – which finances the Argentine state –a process that can take up to two years.

“The empirical evidence for the Argentine case says that if you reduce monetary emissions today, the process will take between 18 and 24 months to destroy them and bring them to the lowest international level,” he stated.

As far as state reform is concerned, Milei was of the same opinion “Anything that can be in the hands of the private sector will be in the hands of the private sector”when he urged companies to privatize the YPF oil company and state media.

The president-elect assured this will encourage the elimination of change controlbut to do that he will first try to pay off the debt issued by the Central Bank, an entity that – he reiterated – he will eliminate “because it is a moral slogan: stealing is wrong.”

Javier Milei is the new president of Argentina

“If the Central Bank problem is not resolved, the shadow of hyperinflation will follow us at all times,” he stressed.

In his statements said Milei softened his controversial proposal to dollarize the economy. “The central axis is the closing of the Central Bank; After that, the currency will be the one that Argentinians can freely choose.”he claimed.

Regarding the abolition of restrictions on the purchase of foreign currency in force since 2019, he stressed that “It is not an option to maintain this pitfall, which hinders the economy”. Milei is due to meet with centre-left Peronist President Alberto Fernández this Monday.

“He called me to congratulate me and invited me to a meeting to make the transition as orderly as possible,” he said. He also indicated that he will travel to the United States and Israel on a private visit before taking power on December 10. (JO)