“We are moving toward stopping the issuance of new currency. Our goal is to keep total amount of money in the economy stable.”- Javier Milei, President of #Argentina…
Money Supply M2 in Argentina averaged 1.5M Argentine peso from 1990 until 2024, reaching an ATH of 37.7M Argentine peso as of March, 2024.
Consequences:
Multiple Currency defaults
Poverty rate hitting
BREAKING 🚨: #Argentina
Argentina's Peso has plummeted to an all-time low against the U.S. Dollar on the Black Market (which is where Argentinians go to convert to USD), while one