If Milei succeeds in getting Argentina’s finances in order, international debt can be repaid and foreign exchange can be used to unwind the gold swaps. If not, Argentina will surrender ownership of 36 tonnes of precious metal.
One also wonders if Milei has been allowed to play at Libertarianism so long as he surrenders his gold to the real global powers…It will be interesting to see whether he ever gets the gold back and how the funds are currently being used…hopefully not an individual Swiss bank account!
One also wonders if Milei has been allowed to play at Libertarianism so long as he surrenders his gold to the real global powers…It will be interesting to see whether he ever gets the gold back and how the funds are currently being used…hopefully not an individual Swiss bank account!
IMO, Argentina will regret such a choice.
Very interesting Jan.