Javier Milei acknowledged that it will take 3 years to remove rate subsidies. The President stated that "the parallel free exchange rate coincides with the official one" "There is a problem of fatal arrogance that is believing to know what the real exchange rate is," he noted.
"We come across a mountain of regulations and every day we put out a ton of regulations. Every day there is one less regulation," he said. "It makes no sense to do that. Some local economists say that and they are absolutely wrong," Milei said.