Argentina’s ‘shock therapy’ cuts peso in half

Argentina’s ‘shock therapy’ cuts peso in half

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Semafor Signals Insights from La Nación, Fundar, Bloomberg NEWS Argentina devalued the peso by 50% on Tuesday to about 800 to $1, the first “shock therapy” measure ordered by newly inaugurated President Javier Milei as he works to relieve the country’s economic crisis. Inflation is expected to…

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