Argentina Deploys Massive Dollar Sales to Stabilize Peso Amid Economic Crisis
TL;DR Summary
Investors are rapidly withdrawing from Argentina, prompting the government to spend over $1 billion in three days to support the peso amid fears of devaluation, political setbacks, and declining confidence in President Milei's economic reforms, which have led to a sharp fall in assets and increased market instability.
- Argentina Is Burning Through Dollars to Prevent Peso Devaluation Bloomberg.com
- Argentine markets slump as Milei fiscal fears mount Reuters
- Argentina props up peso as crisis roils President Javier Milei Financial Times
- Argentina's Central Bank Makes Biggest Daily Dollar Sale in Six Years to Curb Peso Slide US News Money
- Argentina's Economy Minister Vows to Aggressively Sell Dollars to Defend the Exchange Rate Band and Ensure Repayment of International Bonds 富途牛牛
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