Andres Arauz, best known for nearly becoming Ecuador’s new president earlier this year, makes up a new generation of leftist Latin American leaders who oppose free market orthodoxy and are open to experimentation with digital monetary systems to wean their economies off US dollar dependencies.Arauz’s open-mindedness stems from his days as a director at the Central Bank of Ecuador, where he investigated complementary monetary systems, as well as from his time serving as Minister of Knowledge and Human Talent (!) during the leftwing presidency of Rafael Correa. Arauz’s hostility towards the IMF and its domestic programmes over the course of his presidential run, however, spooked many Ecuadorian creditors. Since losing out to former banker Guillermo Lasso in the presidential
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Andres Arauz, best known for nearly becoming Ecuador’s new president earlier...