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Javier Milei fuels wild rally that makes peso No. 1 in world

Ignacio Olivera Doll

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Buenos Aires | Four months into office, Argentine President Javier Milei has pulled off a critical feat in a country long ravaged by runaway inflation: He stabilised the currency.

The peso has, in fact, not only stopped plunging day after day but in one key foreign exchange market – there are many of them here, a byproduct of the country’s web of byzantine rules – it’s actually rallying sharply.

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    Original URL: https://www.afr.com/world/south-america/javier-milei-fuels-wild-rally-that-makes-peso-no-1-in-world-20240429-p5fnc0