“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
BREAKING: #Argentina offers financial aid to crisis-stricken workers and pensioners to buy votes for the upcoming election. The aid has been approved by the #IMF.
The move comes two weeks after the
BREAKING: The open primary for #Argentina's presidency was won by Javier Milei, who favors #Bitcoin and advocates for abolishing his country's central bank.…