Four months into office, Argentine President Javier Milei has pulled off a critical feat in a country long ravaged by runaway inflation: He stabilized the currency
The peso has not only halted its continuous decline but has also experienced a significant surge in one crucial foreign-exchange market — Argentina has several, a result of its complex set of rules. In the market known as the blue-chip swap, which is utilized by many investors and companies, the peso has skyrocketed by 25% against the dollar over the last three months. This performance surpasses the gains of all 148 currencies that Bloomberg tracks against the dollar. This development is quite
