search
Homeweb3.0Argentina adopts economic shock therapy, doubles the value of the peso, and accepts Bitcoin contracts for signing

阿根廷经济休克疗法上路!法币比索贬一倍 开放比特币签订合约

After Argentina’s new right-wing liberal president Javier Milei took office, he quickly implemented a series of radical economic reform measures. He announced that he would directly devalue the Argentine peso by more than doubling, freeze all public works projects, and cut government spending. These measures triggered popular dissatisfaction and protests. Before the election, Milei had supported the abolition of the Argentine peso and called for the "dollarization" of the economy. However, he appears to have changed this position and allowed the use of Bitcoin and other cryptocurrencies for contract signing. This move has aroused attention and discussion from all parties.

The Argentine peso has depreciated three times since the beginning of the year

Argentina is facing a serious inflation problem, and the inflation rate is expected to reach 147% by 2023. The Argentine peso has also depreciated very seriously. It has depreciated from 176 to the dollar at the beginning of the year to 366 to the dollar now, more than doubling its value. Argentina's Economy Minister Luis Caputo cut the official exchange rate directly to 800 in a recent televised speech. He said the central bank's goal is to depreciate by 2% per month. Caputo said the measures were backed by the International Monetary Fund (IMF) and, although painful in the short term, were intended to cut the country's fiscal deficit and reduce high triple-digit inflation.

Bitcoin and other cryptocurrencies can be used to sign contracts

Argentine Minister of Foreign Affairs and International Commerce Diana Modino confirmed on the X website: In Argentina, Bitcoin can be used to sign contracts.

She also pointed out that under Article 766, the debtor is obliged to pay the equivalent of a specified currency, whether fiat currency or other cryptocurrencies, or even physical goods such as kilograms of beef or liters of milk.

Modino did not reveal any specific details about new measures the government may plan related to cryptocurrency. However, he is consistent with the world’s largest cryptocurrency’s early endorsement and recently elected President Milei’s view on monetary policy that devaluation is inevitable as local currencies face hyperinflation and serious problems.

Milei announces radical economic shock therapy

The new right-wing liberal president Javier Milei firmly believes that privatization and free markets are the only way to save Argentina. In a recent nationally televised address, he unveiled details of a series of so-called "economic shock treatments." These measures include cutting government spending, converting state-owned enterprises into private enterprises, relaxing mining regulations, abolishing rent regulations, lifting export restrictions, and significantly devaluing the currency. He believes these measures will have a positive impact on the Argentine economy.

Although the new policy was recognized by the International Monetary Fund and is considered an important step in Argentina's restoration of stability and reconstruction of the country's economy, Argentina has experienced a wave of soaring prices across the country. For example, meat prices have increased by 40%, Shell Oil has increased fuel prices by 37%, and Aerolineas Argentinas has doubled ticket prices.

Its fierce policies have also triggered a backlash from the public. A large number of protesters demonstrated in the capital all night long. Only time will tell whether the new government's economic policies can bring a glimmer of hope to Argentina!

The above is the detailed content of Argentina adopts economic shock therapy, doubles the value of the peso, and accepts Bitcoin contracts for signing. For more information, please follow other related articles on the PHP Chinese website!

Statement
This article is reproduced at:脚本之家. If there is any infringement, please contact admin@php.cn delete
Recommended safe and reliable digital currency trading platforms 2025 Top 10 digital currency exchange apps in the worldRecommended safe and reliable digital currency trading platforms 2025 Top 10 digital currency exchange apps in the worldApr 28, 2025 pm 04:45 PM

Ranking of the top ten digital currency exchange apps in the world in 2025: 1. OKX, 2. Binance, 3. Coinbase, 4. Kraken, 5. Huobi, 6. KuCoin, 7. Bitfinex, 8. Gemini, 9. Bitstamp, 10. Poloniex, these platforms are known for their security, user experience and diversified functions, and are suitable for users at different levels of digital currency transactions.

Top 10 cryptocurrency speculation app rankings in 2025 Top 10 cryptocurrency speculation software rankingsTop 10 cryptocurrency speculation app rankings in 2025 Top 10 cryptocurrency speculation software rankingsApr 28, 2025 pm 04:39 PM

Top 10 cryptocurrency trading apps in 2025: 1. OKX, providing rich market data and analysis tools; 2. Binance, comprehensive market data and "Binance Academy"; 3. Gate.io, supporting "currency mining"; 4. Coinbase, user-friendly interface and "Coinbase Earn"; 5. Kraken, providing "dark pool trading"; 6. Huobi, supporting "contract trading"; 7. KuCoin, providing "invitation rewards"; 8. Bitfinex, etc.

Top 10 free and easy-to-use cryptocurrency apps? What are the cryptocurrency apps?Top 10 free and easy-to-use cryptocurrency apps? What are the cryptocurrency apps?Apr 28, 2025 pm 04:36 PM

Top 10 free and easy-to-use cryptocurrency apps: 1. OKX, 2. Binance, 3. Coinbase, 4. Kraken, 5. Huobi, 6. KuCoin, 7. Bitfinex, 8. Bybit, 9. Crypto.com, 10. Gate.io. These apps all provide real-time price, K-line chart and other market data to help users make investment decisions and market analysis.

Free coins trading market software recommendations The top ten easy-to-use coins trading appsFree coins trading market software recommendations The top ten easy-to-use coins trading appsApr 28, 2025 pm 04:33 PM

The top ten recommended cryptocurrency trading software are: 1. OKX, 2. Binance, 3. Coinbase, 4. KuCoin, 5. Huobi, 6. Crypto.com, 7. Kraken, 8. Bitfinex, 9. Bybit, 10. Gate.io. These apps all provide real-time market data and trading tools, suitable for users at different levels.

Recommended reliable digital currency trading platforms. Top 10 digital currency exchanges in the world. 2025Recommended reliable digital currency trading platforms. Top 10 digital currency exchanges in the world. 2025Apr 28, 2025 pm 04:30 PM

Recommended reliable digital currency trading platforms: 1. OKX, 2. Binance, 3. Coinbase, 4. Kraken, 5. Huobi, 6. KuCoin, 7. Bitfinex, 8. Gemini, 9. Bitstamp, 10. Poloniex, these platforms are known for their security, user experience and diverse functions, suitable for users at different levels of digital currency transactions

Recommended cryptocurrency exchange apps 2025 Top 10 Digital Currency Trading Apps in the WorldRecommended cryptocurrency exchange apps 2025 Top 10 Digital Currency Trading Apps in the WorldApr 28, 2025 pm 04:27 PM

Recommended cryptocurrency exchange apps: 1. OKX, 2. Binance, 3. gate.io, 4. Coinbase, 5. Kraken, 6. Huobi, 7. Bitfinex, 8. KuCoin, 9. Bitstamp, 10. Gemini, these exchanges are known for their efficient trading systems, rich trading pairs and multiple security measures to meet the needs of different users.

Ranking of the top ten free market websites. Free view of the currency circle market app rankingsRanking of the top ten free market websites. Free view of the currency circle market app rankingsApr 28, 2025 pm 04:24 PM

Recommended software for free market websites in the currency circle: 1. OKX, providing rich market data and analysis tools; 2. Binance, comprehensive market data and "Binance Academy"; 3. Gate.io, supporting "currency mining"; 4. Coinbase, user-friendly interface and "Coinbase Earn"; 5. Kraken, providing "dark pool trading"; 6. Huobi, supporting "contract trading"; 7. KuCoin, providing "invitation rewards"; 8. Bitfinex, etc.

Ranking of easy-to-use currency trading apps. Ranking of top ten currency trading appsRanking of easy-to-use currency trading apps. Ranking of top ten currency trading appsApr 28, 2025 pm 04:21 PM

Ranking of useful currency speculation apps: 1. OKX, 2. Binance, 3. Coinbase, 4. Kraken, 5. Huobi, 6. KuCoin, 7. Bitfinex, 8. Bybit, 9. Crypto.com, 10. Gate.io. These apps all provide real-time price, K-line chart and other market data to help users make investment decisions and market analysis.

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

Video Face Swap

Video Face Swap

Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Tools

EditPlus Chinese cracked version

EditPlus Chinese cracked version

Small size, syntax highlighting, does not support code prompt function

SublimeText3 Chinese version

SublimeText3 Chinese version

Chinese version, very easy to use

MinGW - Minimalist GNU for Windows

MinGW - Minimalist GNU for Windows

This project is in the process of being migrated to osdn.net/projects/mingw, you can continue to follow us there. MinGW: A native Windows port of the GNU Compiler Collection (GCC), freely distributable import libraries and header files for building native Windows applications; includes extensions to the MSVC runtime to support C99 functionality. All MinGW software can run on 64-bit Windows platforms.

mPDF

mPDF

mPDF is a PHP library that can generate PDF files from UTF-8 encoded HTML. The original author, Ian Back, wrote mPDF to output PDF files "on the fly" from his website and handle different languages. It is slower than original scripts like HTML2FPDF and produces larger files when using Unicode fonts, but supports CSS styles etc. and has a lot of enhancements. Supports almost all languages, including RTL (Arabic and Hebrew) and CJK (Chinese, Japanese and Korean). Supports nested block-level elements (such as P, DIV),

DVWA

DVWA

Damn Vulnerable Web App (DVWA) is a PHP/MySQL web application that is very vulnerable. Its main goals are to be an aid for security professionals to test their skills and tools in a legal environment, to help web developers better understand the process of securing web applications, and to help teachers/students teach/learn in a classroom environment Web application security. The goal of DVWA is to practice some of the most common web vulnerabilities through a simple and straightforward interface, with varying degrees of difficulty. Please note that this software