💨 Abstract

Economist Gabriel Rubinstein criticized recent government economic announcements, stating they were overly hyped and won't significantly change consumer behavior. He noted that people won't start using dollars for everyday purchases and that informal economic activities will persist. Rubinstein acknowledged that incorporating dollars into the formal system is positive but emphasized that inflation remains very high. He also highlighted the importance of complying with international norms and criticized certain regulations as overly burdensome.

Courtesy: WTOP Staff