Reported 3 days ago
Argentina's President Javier Milei has initiated a significant economic change by dismantling six years of currency controls, leading to a volatile but stabilizing peso. While the initial results are encouraging, allowing for a more flexible exchange rate and a new deal with the IMF, challenges such as persistent inflation and building foreign reserves remain. Amid cautious optimism from investors, there is concern among ordinary Argentines about potential dollar shortages and the impacts of austerity measures.
Source: YAHOO