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☆ The US dollar is central to Argentina's plan to fix its broken economy. There's just one hitch.
▼ + stars: | 2023-11-22 | by ( George Glover | ) www.businessinsider.com time to read: +5 min

Argentina's new president Javier Milei wants to adopt the US dollar to tame sky-high inflation. There's a major problem with his plan to revive the ailing South American economy. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRight-wing economist Javier Milei won Argentina's presidential runoff Sunday – and that means the country could soon ditch the peso for the US dollar. Under the president-elect's plan, the government would scrap the peso and replace it with the dollar.

Persons: Javier Milei, doesn't, —, Milei, Mary, Read, John Hopkins, Steve Hanke, Guillermo Ortiz, Nora Mazzini, Lucila Bonilla Organizations: Service, Central Bank of, US Federal Reserve, International Monetary Fund, Bank, Reuters, Bloomberg, Bank of Mexico, Economics, Oxford Economics Locations: Central Bank of Argentina, Ecuador, El, Panama, Argentina, Mar del Plata, Argentine

☆ Argentina Inc doesn't want dollarization, business leaders say
▼ + stars: | 2023-10-06 | by ( Jorge Otaola | ) www.reuters.com time to read: +3 min

[1/3] Supporters of Argentine presidential candidate Javier Milei hold dollar bills with his face on them, during a campaign rally, in Buenos Aires, Argentina September 25, 2023. REUTERS/Cristina Sille/File Photo Acquire Licensing RightsMAR DEL PLATA, Argentina, Oct 6 (Reuters) - Corporate Argentina is strongly against full dollarization of the economy, one of the key proposals of presidential election frontrunner Javier Milei, according to 125 business people Reuters spoke to. The survey gives the clearest and most in-depth view yet on how corporate Argentina sees the dollarization debate, which is at the heart of the election race towards the Oct. 22 vote. Some two-thirds of those Reuters spoke to supported a bi-monetary system proposed by conservative candidate Patricia Bullrich, who is popular with business leaders but lagging in wider opinion polls. Most business people surveyed at the IDEA business summit said it was important to keep the peso to be able to adjust monetary variables and maintain competitiveness.

Persons: Javier Milei, Cristina Sille, Patricia Bullrich, Milei, Sergio Massa, Jorge Otaola, Adam Jourdan, Rosalba O'Brien Organizations: Argentine, REUTERS, DEL PLATA, Reuters, IDEA, Massa, Milei, Thomson Locations: Buenos Aires, Argentina, Mar del Plata, Ecuador, El Salvador

This was not a WWE wrestling show, but the 2023 presidential race in Argentina where political outsider Javier Milei is the leading candidate. Argentine presidential candidate Javier Milei for La Libertad Avanza coalition gestures next to Carolina Piparo, candidate for Governor of the Province of Buenos Aires, during a campaign rally in La Plata, Buenos Aires on September 12. Milei is presenting himself as the candidate of renewal – an offer that clearly struck a chord with people in the primary vote. “I’ll vote for Milei because I think he’ll change things,” says Eduardo Murchio, a taxi driver in Argentina’s capital Buenos Aires. A worker receives Argentine peso banknotes in a shop in Buenos Aires on Sept. 26, 2023.

Persons: “, Javier Milei, –, ”, Donald Trump, Jair Bolsonaro, Carolina Piparo, Agustin Marcarian, Trump, Milei, Milei’s, Eduardo Murchio, “ I’m, it’s, Erica Canepa, Milton Friedman –, Javier Marcus, Marcus, dollarizing, Bolsonaro, Teresa Fria, Pope Francis, Pope, Satan ”, “ Pope Francis, Emiliano Lasalvia, Patricia Bullrich, Sergio Massa, Massa, Cristina Fernandez de Kirchner, Bullrich, Anita Pouchard Serra, Claudio Jacquelin, Facundo Nejamkis Organizations: CNN, WWE, Argentine, La Libertad, National Institute of Statistics, Reuters, Bloomberg, Getty, Rosario National University, Trump, Catholic, CIA, Milei, Unity, Homeland, La, Español Locations: Argentina, Mar del Plata, Argentine, Carolina, Province of Buenos Aires, La Plata, Buenos Aires, Latin America, Ecuador, El Salvador, Panama, AFP, Argentina's

☆ Gerard Piqué goes Instagram official with Clara Chia Marti after Shakira split
▼ + stars: | 2023-01-26 | by ( Mara Leighton | ) www.businessinsider.com time to read: +3 min

Gerard Piqué went Instagram-official with 23-year-old Clara Chia Marti after his split with Shakira. The pop star released a diss track seemingly aimed at Piqué in January, which broke a YouTube record. In August, photos published by the Daily Mail of Piqué and Clara Chia Marti seemed to confirm the couple's romance about three months after his split from 45-year-old Shakira. On January 15, a video appearing to show Piqué driving a Twingo to a press conference was posted to Twitter. In November, the former couple reached a custody agreement in which their two children would move to Miami with Shakira.

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