Don't listen to that person other person they don't know what they're talking about. Technically, communism is a type of monarchy and to be specific an absolute monarchy. However monarchy/Dictatorship never truly exists because it's always a group with one person as the visible leader. Oligarchy means "ruled by a few" and monarchy is just a different type oligarchy.
So there are two answers to your question
1. Technically, no it's a monarchy.
2. Figuratively, it's an oligarchy but not a true oligarchy.
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