Javier Milei has promised radical measures to battle the country’s worst economic crisis in decades Argentina’s new government has announced a sharp devaluation of the peso, cuts to energy and transportation subsidies and a freeze in spending on some major state programs. The measures, announced on Tuesday in a televised appearance by the new minister of the economy, come as part of the “economic shock therapy” promised by the newly elected President Javier Milei. The devaluation changes the official dollar exchange rate to 800 pesos per dollar from 365 pesos. State support of the peso has been maintained by stric
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