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Argentina's black market exchange rate reached a record 1,040 pesos per dollar on Tuesday, as Argentines rushed to buy US dollars before the upcoming presidential election on October 22. The inflation in Argentina is also spiraling out of control. The value of Argentina's currency is plummeting, partly due to criticism by Javier Milei, a hard-right libertarian who has become the leading presidential candidate by promising to replace the Argentine peso with the US dollar. The Chile central bank sees the peso's tumble as having only a short-term impact on prices. Recriminations are flying in Argentina as the peso flounders ahead of the vote.
Recriminations fly in Argentina as peso flounders ahead of vote https://t.co/5sF0CwgfRO
The value of Argentina’s currency is plummeting under criticism by Javier Milei, a hard-right libertarian who has become the leading presidential candidate by promising to replace the Argentine peso with the U.S. dollar. https://t.co/DroZ8bfBiT
Exclusive: Chile central bank sees peso tumble to only have short-term impact on prices-Costa https://t.co/1FMBo3uEqs https://t.co/xQxeh1gP3o
Argentine peso descent quickens, hits new record low https://t.co/4wZPmbss84 https://t.co/xxJT7B0LBG
Argentina’s black market exchange rate hit a record 1,040 pesos per dollar Tuesday, continuing a sharp selloff as Argentines rush to buy greenbacks before the Oct. 22 presidential election https://t.co/1HkYFQPWnE
Argentina’s black market exchange rate hit a record 1,040 pesos per dollar Tuesday, continuing a sharp selloff as Argentines rush to buy greenbacks before the Oct. 22 presidential election https://t.co/9jcUOzXhEt
Argentina’s black market exchange rate hit a record 1,040 pesos per dollar Tuesday, continuing a sharp selloff as Argentines rush to buy greenbacks before the Oct. 22 presidential election https://t.co/LrMmAxKjFk
Inflation in Argentina is spiralling out of control. https://t.co/1l02tYPBO6