Economic reports and analyses from Argentina's National Institute of Statistics and Censuses (INDEC) or international economic organizations

Argentine President Javier Milei Lowers Firearm Purchase Age to 18, Reports Lowest Inflation Since Pandemic, Plans Free Currency Policy for 2025

Dec 13, 2024, 03:51 AM

Argentine President Javier Milei has signed a decree lowering the minimum age for firearm purchases from 21 to 18, a move that reflects his administration's ongoing efforts to reshape national policies. The announcement comes as Milei's government also plans to introduce a free currency circulation policy in 2025, which will permit the use of Bitcoin and other currencies for transactions. This initiative is part of a broader economic strategy that has included significant cuts to state spending, resulting in a third reduction in government expenditures. While these measures aim to address inflation and economic challenges, they have sparked protests among public sector workers in Buenos Aires, who are opposing the austerity measures implemented by Milei's administration. Despite the controversies, Argentina has recently reported its lowest inflation rate since the pandemic, indicating some positive economic shifts under Milei's leadership.