Argentina’s Economy Minister Milei is taking bold action to rein in the currency market as the peso supply surges, aiming to stabilize the fragile economy amid soaring inflation and a sharp rise in capital flight, Bloomberg reports
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In a significant move for his administration, President Javier Milei announced Argentina’s new deal with the IMF, marking a pivotal step towards economic stabilization. The agreement coincides with the removal of most capital controls, signaling a shift towards greater financial freedom.