Javier stabilizes the currency....
Javier Milei Fuels Wild Rally That Makes Peso No. 1 in World
" 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. The peso has soared 25% against the dollar over the past three months in the market, known as the blue-chip swap, that is used by many investors and companies. That’s more than the gains posted by any of the 148 currencies that Bloomberg tracks against the dollar."
https://finance.yahoo.com/news/javier-milei-sparks-wild-rally-124500585.html
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