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Closing down the monetary regulator is part of the president-elect’s radical reform plans Argentina’s incoming president Javier Milei confirmed on Friday that he will keep his promise to shut the nation’s central bank. The statement was posted by his office on X (formerly Twitter).

The country faces a recession if it defaults on its debt, the Treasury Secretary has said US Treasury Secretary Janet Yellen on Saturday warned of dire consequences the country may be facing if it doesn’t hike its statutory debt ceiling in the coming months. According to the senior official, the US could default on its…