Javier Milei announced that he will maintain the dollar exchange rate band system until 2027

President Javier Milei confirmed in an interview with the Financial Times that his government will maintain the exchange rate band policy until the 2027 presidential elections , ruling out the possibility of allowing the dollar to float freely. Speaking with journalists Michael Stott and Ciara Nugent, the president maintained that the current monetary strategy is key to "controlling the chronic volatility of the Argentine economy" and asserted that " we have a program and we are going to maintain it ," alluding to the stability scheme that remains in place following the injection of US$2 billion from the US Treasury and the legislative victory of the La Libertad Avanza party .

“Milei suggested he would keep the peso within increasingly wider fluctuation bands against the US dollar at least until the elections at the end of 2027,” notes the article in the British media outlet, which describes the president’s stance as an attempt to consolidate international confidence in the Argentine economy . The head of state dismissed criticism from local economists who warned of an overvaluation of the peso: “What do you think is worth more? The opinion of an expert who has been very successful and has the backing of the US Treasury, or that of a group of local incompetents?” he responded, referring to US Treasury Secretary Scott Bessent, who had recently described the Argentine currency as “undervalued.”

The president explained that the floating exchange rate bands "are designed to widen over time" and that "the time will come when they will no longer be relevant," although he insisted that, for now, the scheme is necessary to stabilize the economy and prevent sharp jumps in the exchange rate.

During the interview, Javier Milei celebrated Washington's financial support , which he considered a concrete example of a new stage in hemispheric cooperation. He emphasized that the currency swap and the purchase of pesos by the U.S. Treasury were decisive measures to prevent a run on the currency and maintained that these actions reflect "a kind of economic Monroe Doctrine ," aimed at reaffirming U.S. influence in Latin America in the face of China's growing influence. "The United States has decided to be the leader of the region, and that's fantastic," said the president, who praised the White House's decision to prioritize support for allied governments.

Domestically, Milei asserted that his economic program will begin to show concrete results in 2026, the year in which he projects GDP growth of between 7% and 10% annually. He explained that the labor and tax reforms his administration is promoting in Congress will be the driving force behind this recovery, especially after the legislative elections in December, when La Libertad Avanza will have greater representation.

Regarding the international situation, the president maintained that the world is going through a new geopolitical stage marked by "the failure of woke ideology " and the consolidation of three power blocs : one led by the United States, another by Russia, and a third by China. " Argentina is the United States' greatest strategic ally in the region ," he stated, while defending the role of the U.S. armed forces in the fight against drug trafficking in the Caribbean and the Pacific, emphasizing the need for "a firm policy against organized crime and the ideologies that have hindered the country's development."