NEW DELHI: In a seismic political shift, Argentinaโs recently elected right-wing populist, Javier Milei, has vowed to steer the nation away from the BRICS alliance, marking a departure from the geopolitical norm and signalling a potential realignment in global economic dynamics.
The maverick president-elect, who rode the wave of anti-establishment sentiment to victory, has not minced words in expressing his disdain for BRICS, referring to China and Russia as โassassin governments.โ
Milei, known for his bold rhetoric, has been a vocal critic of the alliance, particularly condemning the inclusion of Iran, citing the painful memories of the 1994 bombing of a Jewish centre in Buenos Aires.
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Addressing the nation after his electoral triumph, Milei underscored his commitment to liberty, taking aim at BRICS members China, Putinโs Russia, and former Brazilian President Lula. โI defend liberty. China, Putin, and Lula donโt,โ he declared, setting the stage for a potential reshaping of Argentinaโs global alliances.
One of Mileiโs most striking proposals is the potential rejection of BRICS membership, a move that, if materialised, would make Argentina the first country to decline the blocโs invitation. The president-electโs audacious vision extends beyond geopolitical realignmentโit encompasses a radical economic overhaul.
Milei has outlined plans to replace Argentinaโs beleaguered Peso with the US dollar, a move aimed at addressing the countryโs persistent US dollar scarcity. This daring proposal, if implemented, could mark a significant departure from traditional economic strategies and could reshape Argentinaโs financial landscape.
Moreover, the president-elect has declared his intention to close down the Central Bank, a move that, in tandem with replacing the Peso with the US dollar, reflects Mileiโs commitment to unorthodox economic policies.
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In an era where cryptocurrencies are gaining recognition, Milei has also signalled an inclination to buy Bitcoin as part of Argentinaโs reserves, injecting a forward-looking dimension into his economic strategy.
As Argentina stands at the cusp of transformative change, the world watches with bated breath to witness the unfolding of Mileiโs bold vision. While the new presidentโs plans are yet to be officially enacted, they have already sent ripples through the geopolitical landscape, prompting speculation about the potential ripple effects on global alliances and currency dynamics.
China Warns Argentina Of โSerious Mistakeโ:
On Tuesday, China warned that it would be a โserious mistakeโ if Argentina were to cut ties following the weekendโs presidential election triumph in the South American nation by a right-wing libertarian who has declared his refusal to engage with communists.
During a routine news briefing, Chinese Foreign Ministry spokesperson Mao Ning emphasised that the positive progress in bilateral relations with Argentina should be acknowledged. He stated that it would be a โserious mistakeโ for Argentina to sever ties with countries like China and Brazil.
Therefore, only time will reveal the true impact of Mileiโs audacious policies, but right now one thing is certain: Argentina, under its new leadership, is poised for a journey that could reshape its destiny.
