Argentina's President-elect Javier Milei said on Friday that the closure of the country's central bank, a signature campaign pledge, was a "non-negotiable matter", according to a statement from his office posted on social media platform X.
The goverment spends more than it can, so to pay it’s debts, the goverment print more and more money. This makes each bill to have less and less value generating inflation. So everyone needs more currency to pay for the same things, so the goverment prints even more money and the cicle never ends.
The goverment spends more than it can, so to pay it’s debts, the goverment print more and more money. This makes each bill to have less and less value generating inflation. So everyone needs more currency to pay for the same things, so the goverment prints even more money and the cicle never ends.