Economic deregulation measures announced by the President on Wednesday Argentina, Javier Mileywill allow the negotiation of contracts in this South American country in any designated currency, from cryptocurrencies to kilograms of bull (veal) or liters of milk, Foreign Minister Diana Mondino assured this Thursday.

“We ratify and confirm that in Argentina contracts can be concluded in Bitcoin,” said Chancellor Mondino, an economist by profession, in a message published on her official profile on the social network X (formerly Twitter). referring to one of the most famous and traded cryptocurrencies.

Subsequently, the head of Argentine diplomacy added in another message that “any other cryptocurrency (cryptocurrency) and/or type can be used as kilograms of bull or liters of milk“.

In addition, the economist cited an article in the country’s Civil and Commercial Code, reformed by Miley’s decree, which states that “the obligation of the debtor deliver the corresponding amount of the specified currencywhether the currency is legal tender in the Republic or not.”

That is in Argentina Traditional payment methods can be used. such as the US dollar, euro or Chinese yuan, as well as cryptocurrencies or payments in kind.

You might be interested > ‘I’m warning you that something bigger is coming’: Miley pushes for deep reform of the Argentine state

Mondino’s mention of payments in kind (meat or milk) remembers the “barter” phenomenon that became the norm in Argentina 22 years agoafter the social, economic and political crisis of December 2001, which led to the banking “corralito” and the resignation of Fernando de la Rúa from the post of President of the Republic (1999-2001).

So, the exchange of goods and services without money was symbolic strategy for survival during a crisiswhen, in addition to a lack of resources and work, the amount of money in circulation decreased.

During an economic crisis exacerbated by the Covid-19 pandemic in the South American country, The Argentines have resorted to barter again, organizing the exchange of clothing, toys or equipment, and food products they need in everyday life. (EFE)