Argentina's Milei will need time to scrap peso if he wins, advisers say

Ramiro Marra, candidate for mayor of Buenos Aires and part of the inner circle of Argentina's radical presidential front-runner Javier Milei, listens to Milei talking to journalists, in Buenos Aires, Argentina August 24, 2023. REUTERS/Agustin Marcarian

BUENOS AIRES (Reuters) - Javier Milei, Argentina's radical presidential front-runner, will need time to carry out his campaign pledges of scrapping the peso currency and cutting taxes on grains should he win the election, advisers told Reuters, adding that he could avoid congressional hurdles by using executive decrees.

Ramiro Marra, part of Milei's inner circle and his party's candidate for mayor of Buenos Aires city, said Milei - who pulled off a shock win in a primary election this month - would dollarize the economy within two years and aim to remove taxes on the huge farm sector if he was elected.