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<ul>
 <li>Argentine President Javier Milei plans to close the Central Bank in 2025, enabling citizens to freely use any currency for daily transactions.</li>
 <li>Milei plans significant tax reforms, including reducing national taxes by 90% and empowering provinces with fiscal autonomy to foster investment competition.</li>
</ul>
Argentine President Javier Milei has set the stage for an economic overhaul, promising the closure of the Central Bank and the introduction of a free currency competition system by 2025.
Speaking on the first anniversary of his presidency, <a href="https://www.ethnews.com/milei-at-g-20-advocates-for-reduced-state-intervention-to-combat-global-hunger/" rel="noopener noreferrer nofollow">Milei</a> outlined transformative policies aimed at dismantling traditional economic constraints and revitalizing Argentina’s economy.
Milei, a staunch libertarian with strong ideological ties to the Bitcoin and cryptocurrency communities, declared that his administration is finalizing a structural tax reform. This reform seeks to reduce national taxes by 90% and return tax autonomy to provinces.
<blockquote>
 “My team is completing a comprehensive tax overhaul to empower provinces to compete for investments, driving Argentina toward economic growth,”
</blockquote>
Milei stated. The goal is to create a tax environment where provinces vie to attract investors, fostering innovation and development.
<h2 id="ending-inflation-and-introducing-monetary-freedom">Ending Inflation and Introducing Monetary Freedom</h2>
At the heart of Milei’s economic strategy is the closure of the Central Bank, a radical move aimed at eradicating inflation permanently. His administration’s “zero-emission plan” focuses on eliminating excessive money printing and reducing public spending.
This approach has already shown results, with the Argentine peso gaining strength in the parallel market and signaling renewed public trust in the local currency.
Milei further emphasized his intent to establish a free currency competition system. Under this framework, Argentines will be free to use any currency, including the US dollar or cryptocurrencies, for everyday transactions.
While taxes will still be payable in pesos, this policy marks a significant shift in monetary freedom.
<blockquote>
 “Citizens will be able to freely choose the currencies they wish to transact with, fostering an open and competitive economic environment,”
</blockquote>
Milei affirmed.
<h2 id="crypto-friendly-policies-and-economic-awakening">Crypto-Friendly Policies and Economic Awakening</h2>
Milei’s plans have drawn significant attention from cryptocurrency advocates. By enabling the unrestricted use of digital currencies such as <a href="https://www.ethnews.com/crypto-etfs-bitcoin-and-ethereum-await-sec-approval-in-a-single-fund/" rel="noopener noreferrer nofollow">Bitcoin</a>, his administration is paving the way for broader adoption of decentralized financial systems.
However, crypto enthusiasts await regulatory clarity to ensure the sustainable integration of cryptocurrencies into Argentina’s economy.
With these initiatives, the Argentine president aims to dismantle the inflationary cycles that have historically plagued the country. While acknowledging that substantial adjustments remain necessary, Milei pointed to recent economic indicators showing signs of recovery.
<blockquote>
 “The economy is awakening,”
</blockquote>
he said, citing improved metrics over the past three months.
Milei’s vision extends beyond domestic policies, with plans to advance free trade agreements, including a long-overdue pact with the United States. The president hopes to foster economic alliances within Mercosur and align Argentina’s trade policies with a freer global marketplace.
In alignment with former US President Donald Trump’s economic philosophy, Milei’s approach mirrors a shared commitment to facilitating cryptocurrency development and reducing regulatory barriers. These moves position <a href="https://www.ethnews.com/a-new-crypto-alliance-argentina-and-el-salvador-unite-for-blockchain-development/" rel="noopener noreferrer nofollow">Argentina</a> as a potential leader in economic innovation on the global stage.
The post <a href="https://www.ethnews.com/argentinas-economic-revolution-free-currency-competition-promised-by-2025/" rel="noopener noreferrer nofollow">Argentina’s Economic Revolution: Free Currency Competition Promised by 2025</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.

Argentina’s Economic Revolution: Free Currency Competition Promised by 2025

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