Solomon Samuel 
Juan Agustn D’Attellis Noguera, a director of Banco Central de la Repblica Argentina, the country’s central bank, supported the Minister of Economy Sergio Massa’s advocacy of central bank digital currency (CBDC) as a remedy for the national economy using digital peso.
Noguera expressed his belief on local television that the “digital peso” could help stabilize the Argentine economy as early as 2024.
“By having traceability of operations with a digital currency because it is not known who does them, but there is evidence that they were done, you broaden the tax base. This will allow you to raise more without having to raise taxes and even lower them.”
The official believes that the traceability of the CBDC is the most essential component of the CBDC since it will assist the government in collecting taxes.
According to Noguera, the CBDC will also aid in resolving the nation’s monetary issues, as the unstable Argentine peso often competes with the United States dollar even as a payment method.
Noguera spoke very definitively about the digital peso, assuring that the CBDC would be introduced progressively, coexisting with cash, with the final phase of the project involving the complete replacement of paper fiat currency.
Massa, who is also a presidential candidate, promised on October 2 to establish a CBDC if elected to “solve” Argentina’s protracted inflation crisis.
Massa trails Javier Milei, a pro-Bitcoin and anti-central bank candidate who wants to adopt the U.S. dollar as Argentina’s currency, according to election polls.