Buenos Aires, Argentina - In a statement released on social media platform X, Argentina's President-elect Javier Milei reiterated his commitment to closing the country's central bank, calling it a "non-negotiable matter". The announcement comes as Milei prepares to assume office amidst high expectations for sweeping reforms.

Milei's campaign pledge to close the central bank has spurred both support and skepticism among analysts and the public. The closure of the central bank would be a significant move in Milei's efforts to revamp Argentina's economic landscape.

Accompanying Milei's commitment to shutting down the central bank is a plan to tighten state spending and reduce subsidies. As a part of this plan, economist Osvaldo Giordano, hailing from the central Cordoba region, has been appointed as the new head of Argentina's social security administration, ANSES. This decision marks a departure from a previous plan to appoint a close ally to lead the institution.

However, Milei faces numerous challenges in implementing his more radical reform agenda. Among his proposals is the dollarization of Argentina's economy, a move that would tie the country's currency to the US dollar. Additionally, Milei aims to privatize state companies like YPF.

These ambitious plans, while garnering support from some quarters, also face skepticism and potential logistical hurdles. Experts argue that such reforms would require careful implementation and time to achieve their intended effects. Critics cite the potential disruption to the economy and the need for solid regulatory frameworks to prevent abuse in the event of privatization.

As the President-elect prepares to assume office, the eyes of the nation are on the implementation of Milei's reform agenda. It remains to be seen how effectively he can navigate the challenges that lie ahead in transforming Argentina's economic landscape.