Argentina heads to the polls today and the existance of the currency is at stake ...Middle East

Latin America's second largest economy heads to the polls today in a major election featuring an outsider taking on Peronist economy minister Sergio Massa.Javier Milei has made major waves in saying he would abolish the central bank and dollarize the economy. A similar experiment yielded good results in the 1990s until it came crashing down in a crushing recession and default in 2021. Since then, though, it's been a series of missteps in Argentina and people are hungry for change. The chart of USD/ARS highlight how the currency has imploded into an inflationary spiral.Milei is an enigmatic leader who calls himself a libertarian and is unabashedly capitalist in his opposition to the socialist

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Argentina heads to the polls today and the existance of the currency is at stake ...Middle East

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