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Álvarez Agis Says Currency Runs Made Him Vomit in Economy Ministry During Livestream Confession

His account casts a technical fight with President Javier Milei over taxing cash in a more personal light.

Overview

  • Speaking on a special livestream with Maximiliano Montenegro, Rodolfo Santangelo, Pablo Wende and Luciano Galfione, the former vice minister described the physical toll of managing market turmoil.
  • He said he hugged toilets and vomited from nerves during currency runs, adding that it happened without drinking and while watching market screens.
  • Álvarez Agis said those experiences shaped his empathy for officials who take public posts under intense scrutiny and risk to their reputations.
  • The disclosure comes after he proposed replacing the Impuesto al Cheque with a levy on cash transactions to preserve revenue and encourage bancarization.
  • Milei rejected the idea on X as “a total nonsense” and labeled Álvarez Agis “a thief,” while the economist outlined a withdrawal-based charge, for example receiving 900 pesos after taking out 1,000.