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— - 2 Javier Milei - 2 Milei - 2 Javier Milei's - 1 he's - 1 It's - 1 Patricia Bullrich - 1 Bullrich - 1
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☆ How Argentina's inflation fight made the peso the strongest currency in the world
  + stars: | 2024-04-26 | by ( Filip De Mott | ) www.businessinsider.com   time to read: +2 min
The Argentine peso has jumped 25% in three months against the dollar in one key exchange market. AdvertisementArgentina's President Javier Milei still hasn't dollarized the economy as promised, but he has managed to do something that's possibly more shocking: strengthen the peso. This currency has been one of 2023's most devalued tenders, and yet it's now become the top currency against the dollar. In the past three months, the peso has surged 25% in the blue-chip swap market, one of Argentina's key foreign exchanges. It's also ironic that Milei has come to lead the peso out of tougher times, given his loud disdain for the currency last year.
Persons: Javier Milei's, —, Javier Milei, he's, It's, Milei Organizations: Argentine, Service, Bloomberg, Financial Times Locations: It's, Argentine, greenbacks
☆ The US dollar and Argentine peso could exist side by side, says rival to presidential frontrunner Milei
  + stars: | 2023-09-26 | by ( Filip De Mott | ) www.businessinsider.com   time to read: +2 min
Argentine presidential candidate Patricia Bullrich wants both the dollar and peso to be official currencies. This represents a different take versus full dollarization, a policy advocated by frontrunner Javier Milei. "The peso and the dollar will coexist," Carlos Melconian, her chief economic advisor, said at the Bloomberg Economic Summit in Buenos Aires. "There will be a complementary exchange rate regime that will be step by step, and will take inflation into account." "There is going to be very severe and prudent macroeconomic policy in Argentina," Melconian said, according to Bloomberg.
Persons: Patricia Bullrich, Javier Milei, Bullrich, —, Milei, Carlos Melconian, Melconian Organizations: Argentine, Service, US greenback, Bloomberg Economic Summit, Bloomberg Locations: Buenos Aires, Argentina
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