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Argentina Devalues Peso 54% in Bid to Eliminate Deficit
Posted
December 13, 2023
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0:57Now PlayingArgentina devalued the peso by 54%, weakening the official exchange rate to 800 pesos per dollar, and announced massive spending cuts to eliminate its primary fiscal deficit next year as the first steps in President Javier Milei’s shock-therapy program. Bloomberg Economics’ Ziad Daoud has the details.
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