Similar Stories to Argentina's Peso Sinks After Presidential Candidate Who Wants To Dollarize Economy Pulls Off Shocking Primary Win on Bing News

Nora Mazzini Argentina's peso sank 20% against the dollar after Javier Milei's surprise primary victory. The presidential candidate has called for ditching the peso in favor of the dollar to rein in inflation. The country's central bank will also boost the benchmark interest rate to 118% from 97%. Argentina's peso sank Monday after presidential candidate Javier Milei pulled off a shocking primary win on Sunday.The far-right libertarian economist and congressman has called for Argentina to ditch the peso and official adopt the US dollar as its local currency to rein in inflation, which is running at over 100%.In the primary, Milei got about 30% of the vote to lead the field, ahead of October's election which will feature a three-way race.

BING NEWS:
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    Argentina’s economy posted a larger-than-expected upturn in July, a promising signal for President Javier Milei with the economy mired in its sixth recession in a decade. Economic activity grew ...
    09/25/2024 - 8:14 am | View Link
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    Sometimes dubbed "El Loco" (the madman) by his critics, Mr Milei has promised drastic changes, which include ditching the local currency, the peso ... who is the economy minister in the outgoing ...
    12/6/2023 - 7:13 pm | View Link
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