US-Argentina Currency Deal and Trump’s Foreign Policy Moves
The Argentine peso has fallen to a new low despite interventions by the US, highlighting ongoing economic challenges and currency instability in Argentina.
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Argentine Peso
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Javier Milei's Dollarisation Push Sends Argentine Peso Spiraling
The Argentine peso has experienced a significant drop in value as presidential candidate Javier Milei advocates for the adoption of the US dollar as the country's currency, a move known as dollarisation. Milei's proposal comes amidst a currency crisis in Argentina, with the peso losing value against the dollar.
"Argentina's Far-Right Candidate Triggers Currency Devaluation and Interest Rate Hike"
The Argentine peso has plummeted after an anti-establishment candidate, Javier Milei, who admires former President Donald Trump, emerged as the frontrunner in the country's primary elections. Milei, who wants to replace the peso with the dollar and abolish the Central Bank, has shaken up the political establishment with his controversial views on climate change, sex education, and the legalization of the sale of human organs. The devaluation of the peso will exacerbate already-high inflation, causing further hardship for ordinary people. While Milei faces an uphill battle to secure the presidency, his unexpected success reflects growing frustration with the status quo in Argentina.