Markets Cheer as Milei Drops Dollarization for Macri Brass (2)

In the blink of an eye, Argentine President-elect Javier Milei pivoted away from advisers advocating for his most dramatic campaign promises, choosing Wall Street veterans closer to former leader Mauricio Macri.

Milei’s boldest campaign proposals — dollarization and closing the central bank — appear at least on hold for now amid a staffing shake up. Milei distanced himself from his dollarization guru, Emilio Ocampo, and on Friday another hawkish adviser from early in the campaign, Carlos Rodriguez, announced on X he was departing. Milei had repeatedly said he’d name Ocampo to lead Argentina’s central bank, though he reiterated ...