Argentine peso plunges after far-right candidate comes first in primary presidential vote
Javier Milei, presidential candidate of the Liberty Advances coalition, speaks at his campaign headquarters after polling stations closed during primary elections in Buenos Aires, Argentina, Sunday, August 13, 2023
THE ARGENTINIAN peso plunged on Monday after a far-right candidate who admires former US president Donald Trump came first in primary elections that will help determine the country’s next president.
Javier Milei received the biggest share of primary votes for presidential candidates in the October general election to decide who leads a nation battered by economic woes.
Mr Milei, 52, wants to replace the peso with the US dollar and says that Argentina’s Central Bank should be abolished.
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