Following President Javier Milei’s landslide victory in Argentina’s midterm elections, the Argentine peso surged against the dollar on Monday.
The value of the Argentine peso rose by almost 3% to 1,448.30 pesos to the dollar after first rising by about 10%, according to Bloomberg.
Milei declared that his party’s landslide win in Sunday’s midterm elections marked a “turning point” for the nation and promised to push through his plan of deregulating the economy and downsizing the government.
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