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Published 3 months ago

Argentina's president-elect announces his pick for economy minister

  • Argentina's President-elect Javier Milei has chosen Luis Caputo, a former finance minister and Central Bank chief, to lead the Economy Ministry when he takes office on December 10.
  • Caputo, known for his expertise in markets, will be part of Milei's more orthodox team to address the country's red-hot inflation rate of 143%.
  • Milei wants to eliminate the Central Bank and believes Caputo can help solve the issue of short-term loans known as "Leliqs" and end control on the exchange rate.
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