Argentina’s new president tackles monetary policy with 50% currency devaluation
In a bold move to address Argentina’s deepening economic crisis, President Javier Milei‘s administration has implemented a sweeping 50% devaluation of the national currency, the Argentine peso. This radical measure, announced on Dec. 12, marks a significant shift in the nation’s approach to combating its longstanding financial troubles. 50% devaluation As part of a broader...