BRICS: Argentina’s Peso faces sharp devaluation under new president Javier Milei

Argentina is witnessing a significant economic shift under the leadership of its newly elected president, Javier Milei. Following the country’s rejection of an invitation to join the BRICS alliance, Milei has embarked on a series of economic reforms poised to profoundly impact the nation’s currency, the Peso. These reforms, characterized by substantial government budget cuts,…