Argentina’s Central Bank Kicks off Efforts Toward Digital Peso Bill Much has been said
about the potential Central Bank Digital Currency (CBDC) of Argentina in recent times following a suggestion by Economic
Minister Sergio Massa to utilize the technology for fiscal growth.
The Central Bank of Argentina
has revealed plans to push for the implementation of the digital currency and will seek the bill “as soon as possible.”
Juan Agustín D’Attellis Noguera,
the bank’s director stated while addressing the public on local news media, Filo that work has commenced around
the legislative framework for the digital peso.
The director
who has been a fan of the CBDC since its conception expresses eagerness in all stages of the rollout. In his words, the framework
would be presented to the country’s legislature Congreso de la Nación Argentina “as soon as possible.”
Noguera also
used the opportunity to hail the move by Massa and his approach to solving the current problems in the economy while taking swipes at the alternative which involves the use
of private cryptocurrencies and the dollarization of the economy.
