On the 10th local time, Argentina's new ** Javier Milley was sworn in. According to the Argentine "Buenos Aires Herald" 11**, Argentina** banks have suspended foreign exchange trading and are waiting for the arrival of a new team. Argentina** Bank has announced that "prior approval" is required for any foreign exchange operation. According to the report, this means that for the foreign exchange business, it is equivalent to entering the holiday.
* The resignation of outgoing incumbent central bank governor Miguel Pesse has not yet been accepted, and the current governor will continue to work until the arrival of a new team, bank sources said.
Argentina** Bank Building.
"This measure was implemented to allow time for the executive powers to comply with the procedure in order to consolidate the new ** and implement the policies that the new ** will adopt," the Bank of Argentina** wrote in a statement. ”
Argentina's bank moves are in the spotlight because the new Milley claimed during the election campaign that it was going to close the bank and fully dollarize. After his victory, Milley also said that the idea of closing ** bank was "non-negotiable".
However, in an interview a few days ago, Bauselli said that the bank was "only symbolically closed" and that the institution "will not close" during his tenure as president.