Milei announced what will happen to the Ministry of Commerce during his government

President-elect Javier Milei said Wednesday that price regulation is “an aberration” and that during his tenure the Ministry of Commerce will cease to exist “in the sense that previous governments have historically given it.” They don’t have to be regulating prices, that seems to me to be an aberration,” Milei said in statements to El Observador radio.Asked if there will be a Ministry of Commerce in his government, he said that “not in the sense that governments have historically given it.” On whether he will free up prices in the economy, Milei replied that “as many as I can, there are some that I still can’t do because of the characteristics of the bombs that the government left in place.” He explained that “with some types of dollar-indexed instruments, the release of the clamp can generate a much bigger problem than when the clamp was broken with Macri, with the future dollar; Well, that problem is small next to the one they’re leaving now.” The Leliqs is a first element, the central problem of the clamp is that it hinders the economy, it hinders it and does not allow you to expand, so you have to open the clamp but it has to be done in a context where you do not have a change of portfolio that implies a brutal drop in the demand for pesos that triggers the hyper”, emphasized the president-elect. Milei’s statements on inflation”Inflation in November is going to be around 15%, in December around 20%; A lot of price agreements expire in January, with seasonality we can have quirky numbers, so why do you want more tickets? They want us to keep cheating,” he said.

Original source in Spanish