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Argentina’s Milei Devalues Peso through 54% in First Batch of Surprise Measures

Argentina’s Milei Devalues Peso through 54% in First Batch of Surprise Measures
December 13, 2023



Argentina devalued the peso through 54% and introduced a swath of spending cuts as the primary steps of President Javier Milei’s shock-therapy program, strikes welcomed through the World Financial Fund.The newly inaugurated management weakened the reputable alternate price to 800 pesos according to greenback, Economic system Minister Luis Caputo stated in a televised cope with after the shut of native markets on Tuesday. It used to be 366.5 according to greenback ahead of the cope with.

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