Cavallo slams Milei's 'stupidity' on FX controls, urges dollar liberalization

Former Economy Minister Domingo Cavallo publicly criticized President Milei's continued exchange restrictions on companies, calling them 'stupidity' and demanding clear rules for reserve accumulation. This marks a notable break from a key architect of Argentina's 1990s convertibility, signaling growing elite dissent over the pace of liberalization. The policy direction remains uncertain as other economists offer alternative diagnoses.

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