'Deep Chainsaw' Advances: Milei to Eliminate National Coin House

By: bitcoin.com|2024/10/22 06:12:36

The Administration of Javier Milei has revealed that the Argentine Coin House, the equivalent of the U.S. Bureau of Engraving and Printing, will be closed as part of the ‘deep chainsaw’ cost reduction plan. The announcement was made by Deregulation and State Transformation Minister Federico Sturzenegger, who also stated that other state-dependent institutions would be closing alongside the Coin House. The institution’s functions of designing and printing paper money for the state will be privatized, opening the door to paper currency imports. More institutions could face the same fate as Milei’s team continues to seek ways to reduce the cost of performing state functions.

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