Argentina FX Feud: Cavallo, Milei and Caputo Trade Public Insults
13 Articles
13 Articles
Argentina FX Feud: Cavallo, Milei and Caputo Trade Public Insults
The Cavallo Milei feud over Argentina’s exchange-rate regime escalated into open public conflict on Tuesday, May 5, 2026, after former economy minister Domingo Cavallo, the architect of the 1990s convertibility plan, called current Economy Minister Luis Caputo “a trader without theory” in a streaming interview, then warned that the present system makes a 2027 currency […] The post Argentina FX Feud: Cavallo, Milei and Caputo Trade Public Insults…
The former Minister of Economy, Domingo Cavallo, criticized the government’s economic plan, considered that the foreign exchange market should be liberated and pointed out against Luis Caputo, whom he described as a “trader.” On the basis of those statements, both President Javier Milei and the owner of the Hacienda Palace crossed it on social networks and indicated that the model promoted by the former Menemist official contains “massive exprop…
The former minister proposed the only way for the indicator to go down. Without that decision, he warned, the qualifiers will not change the categorization of the country.
Domingo Cavallo questions Luis Caputo harshly and assures him that "there are no rules of play" in the economic program because the minister "focuses on one side and, if it doesn't come out, it goes on the other."
Domingo Cavallo confirmed that Javier Milei blocked it on WhatsApp and on social networks after the former minister publicly questioned the government's exchange rate scheme. "He totally blocked me."The blockade came after Cavallo made observations on the exchange rate quota and other economic program edges. Milei responded through his usual channels: he accused him of having had responsibility in past crises and linked him to practices that, he…
The economist questioned the government's exchange rate management, although he highlighted the fiscal order. "It's not that everything is wrong, but there are different views on how to handle the exchange rate side." Read more
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