Javier Milei

which means that you then have to subtract 2.5 points from the inflation observed by the consumer. This indicates that inflation in Argentina, the true inflation, not the induced one, but the actual monetary inflation, is 0.2% per month. At 0.2% per month, this equates to 2.4% annually. What I'm saying is, the original discussion was about whether inflation could reach 17,000%.

which means that you then have to subtract 2.5 points from the inflation observed by the consumer. This indicates that inflation in Argentina, the true inflation, not the induced one, but the actual monetary inflation, is 0.2% per month. At 0.2% per month, this equates to 2.4% annually. What I'm saying is, the original discussion was about whether inflation could reach 17,000%.

Now we are bringing inflation down to levels of 2.5% annually. And that is amazing. And we achieve this by considering a number of factors. The first one is inflation. that we did not experience a previous hyperinflation, which would have simplified the process of implementing a stabilization program.

Now we are bringing inflation down to levels of 2.5% annually. And that is amazing. And we achieve this by considering a number of factors. The first one is inflation. that we did not experience a previous hyperinflation, which would have simplified the process of implementing a stabilization program.

Now we are bringing inflation down to levels of 2.5% annually. And that is amazing. And we achieve this by considering a number of factors. The first one is inflation. that we did not experience a previous hyperinflation, which would have simplified the process of implementing a stabilization program.

Typically, when hyperinflation occurs, monetary assets are diluted, leading to a natural restoration of demand. And besides, We did not resort to any expropriation. For example, before the convertibility plan, which was the most successful program in Argentina's history, Argentina experienced two instances of hyperinflation.

Typically, when hyperinflation occurs, monetary assets are diluted, leading to a natural restoration of demand. And besides, We did not resort to any expropriation. For example, before the convertibility plan, which was the most successful program in Argentina's history, Argentina experienced two instances of hyperinflation.

Typically, when hyperinflation occurs, monetary assets are diluted, leading to a natural restoration of demand. And besides, We did not resort to any expropriation. For example, before the convertibility plan, which was the most successful program in Argentina's history, Argentina experienced two instances of hyperinflation.

During Alfonsín's administration, inflation reached 5,000% and under Menem it was 1,200%. Additionally, there was the Bonex plan, under which debt was exchanged on a compulsory basis. In other words, what we did instead was clean up the central bank balance sheet. So with that, we cleaned up the central bank's balance sheet. We cleared a loss of $45 billion, all voluntarily.

During Alfonsín's administration, inflation reached 5,000% and under Menem it was 1,200%. Additionally, there was the Bonex plan, under which debt was exchanged on a compulsory basis. In other words, what we did instead was clean up the central bank balance sheet. So with that, we cleaned up the central bank's balance sheet. We cleared a loss of $45 billion, all voluntarily.

During Alfonsín's administration, inflation reached 5,000% and under Menem it was 1,200%. Additionally, there was the Bonex plan, under which debt was exchanged on a compulsory basis. In other words, what we did instead was clean up the central bank balance sheet. So with that, we cleaned up the central bank's balance sheet. We cleared a loss of $45 billion, all voluntarily.

And the most amazing thing is that we did it in just six months. And at the same time, we have not controlled prices, nor have we fixed the exchange rate. And this is very important. All previous stabilization programs, in an effort to show quick results, used to do this.

And the most amazing thing is that we did it in just six months. And at the same time, we have not controlled prices, nor have we fixed the exchange rate. And this is very important. All previous stabilization programs, in an effort to show quick results, used to do this.

And the most amazing thing is that we did it in just six months. And at the same time, we have not controlled prices, nor have we fixed the exchange rate. And this is very important. All previous stabilization programs, in an effort to show quick results, used to do this.

What they would do is, before announcing the plan, they would adjust the rates, and once the rates were adjusted, they would launch the plan. But in our case, we couldn't afford that luxury, so we had to implement it on the go. And also over the past few months, that is to say, companies brought in rates that covered only about 10%. Whereas today they cover 80% so you get the picture.

What they would do is, before announcing the plan, they would adjust the rates, and once the rates were adjusted, they would launch the plan. But in our case, we couldn't afford that luxury, so we had to implement it on the go. And also over the past few months, that is to say, companies brought in rates that covered only about 10%. Whereas today they cover 80% so you get the picture.

What they would do is, before announcing the plan, they would adjust the rates, and once the rates were adjusted, they would launch the plan. But in our case, we couldn't afford that luxury, so we had to implement it on the go. And also over the past few months, that is to say, companies brought in rates that covered only about 10%. Whereas today they cover 80% so you get the picture.

Just imagine the adjustment we are making. And in that sense, it is also incredible what we have achieved. Because if we were to work with the inflation we have in our country today, considering the exchange rate situation, the figures are even better than during the convertibility program, which was the most successful economic program in Argentina's history.

Just imagine the adjustment we are making. And in that sense, it is also incredible what we have achieved. Because if we were to work with the inflation we have in our country today, considering the exchange rate situation, the figures are even better than during the convertibility program, which was the most successful economic program in Argentina's history.

Just imagine the adjustment we are making. And in that sense, it is also incredible what we have achieved. Because if we were to work with the inflation we have in our country today, considering the exchange rate situation, the figures are even better than during the convertibility program, which was the most successful economic program in Argentina's history.