(Bloomberg) -- When President Javier Milei defended the adoption of the dollar through a “free competition of currencies” in Argentina, few foresaw a brand new legal tender coming out of the middle of the country. Most Read from BloombergPutin Orders Hunt for Property of Russian Empire, Soviet UnionChina’s $6.3 Trillion Stock Selloff Is Getting Uglier by the DayMusk’s AI Startup Secures $500 Million Toward $1 Billion Funding GoalBurger King Is Serving Whoppers With a Side of CringeFord Cuts Work
Yes, the governor of La Rioja. Milei is not opposed to this, his only qualifier was that if the currency crashes he will not bail out the province. But he’s perfectly fine with them issuing the currency since it falls in line with his anarchocapitalist philosophy.
On another note, this governor is allegedly extremely corrupt and funds given to the province by the federal government have been known to dissappear without accountability. So whatever this man is going to try will likely be sketchy, and probably fail in the process.