Down $1 Billion, Milei Detects ‘Panic’ as Argentines Dump Peso
Javier Milei, the libertarian president of Argentina, has faced a significant loss of confidence from investors. Over the past few days, they have been withdrawing their money from the country, fearing that Milei will abandon his defense of the peso and allow it to plummet, a pattern seen in previous Argentine administrations. The article suggests that Milei is aware of this "panic" among investors, as they lose faith in his ability to stabilize the economy through his bold plan. The article highlights the challenge Milei faces in maintaining the peso's value and regaining the trust of the financial markets, a crucial factor in addressing Argentina's economic woes.
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