"Argentina's Peso Plunges as Populist's Triumph Raises Concerns for Future"

Populist candidate Javier Milei emerged as the winner in Argentina's presidential primary poll, causing turmoil in financial markets. Milei, who advocates for replacing the peso with the dollar and abolishing the Central Bank, received the largest share of primary votes, signaling a growing dissatisfaction with the political establishment. The devaluation of the peso following Milei's victory is expected to worsen already-high inflation and economic hardships for ordinary citizens. Milei's anti-establishment stance and controversial views on various issues have garnered him a significant following, making him a real contender for the presidency. However, he faces a challenging path to victory in the upcoming general election.