News@lemmy.worldEnglish · 11 months ago

Argentina announces a 50% devaluation of its currency as part of shock economic measures

www.cbsnews.com

cross-posted to:
[email protected]

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Argentina announces a 50% devaluation of its currency as part of shock economic measures

www.cbsnews.com

Lee Duna@lemmy.nz to

News@lemmy.worldEnglish · 11 months ago

cross-posted to:
[email protected]

The sharp devaluation of its currency and other cuts are needed to deal with an economic "emergency," said President Javier Milei.

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11 months ago
Oh, “shock therapy,” eh?

That worked so great for Russia in the 90s… just ask any Russian oligarch!

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