Argentine peso plunges after rightist who admires Trump comes first in primary vote
The Argentine peso plunged Monday after a 52-year-old anti-establishment candidate who admires former President Donald Trump came first in primary elections that will help determine the country’s next president.
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Enough clickbait on Argentina. The country's economy has been on a steep decline for decades, with no signs of slowing down, thanks to deep seated corruption on all corners of the political spectrum.
This guy even remotely influencing the peso? Give me a break.
Even when looking at the value of argentina's peso for the last year which has been decreasing non stop you can see that on monday after the elections it had the biggest sudden drop in value in the whole year?
It wasn't this guy tho. He doesn't control the official exchange rate.
The same happened past elections in which a Left Candidate Won, it has nothing to do with who won.
Is that true? The elections in 2019 were on the 27th of october, from all i can see the value barely changed on the 28th and it lowered barely on the 29th. As a reference on both websites where i could find values of october 2019 https://imgur.com/a/7zpqtn5
Also in case you consider Fernandez de Kichner as the last leftist won for some reason, it also didnt happen in 2011. https://imgur.com/U2ge8Jd
I am talking about the 2019 Elections, but you are looking at the Official Exchange, which nobody goes by (or rather should go by) because it is an imposed rate by the Government which they Buy on but LIMITEDLY sell on (limited to basically nothing) so is there for scamming tourists (reason why Google suggests when travelling to Argentina to do your exchanges on the Black Market) not to be representative of the Market
For the actual Value you should always refer to "Dollar Blue" and you can see on that same date the historic change was of 10% (half as much as the post day of this elections)
Granted, i'll give it to you this current decay is lasting longer, but i'd still pass it as unrelated (even normal) considering there's even less faith on our economy than back then and the results being even more polarized being 50/50 on 2019 and here it's 30/30/30, basically a shattered country
And just for finishing off, the last 2 Governments (up to the Kirchner you mentioned) are both Left, the right has not governed Argentina for at least 20 Years now
It tumbled 20% in a day. That’s not normal.
It is if the minister for economy drops the value of the currency
Argentine here, yes it is.
Am against fascism in Argentina, but this guy has nothing to do with the peso decaying for as long as it's been going down. That being said, the one country that did fascism but scary after Germany is Argentina
I think you mean the freedom and democracy that Kissinger helped bring to Argentina /s
Not even joking, the Argentina Junta received training in the US School of the Americas (still exists btw), and this was approved by Kissinger. He even praised the junta for "combatting terrorists", which of course was a dog whistle for state terrorism towards leftists.
