Argentina’s new President Javier Milei: Peso out, radical reforms in

Argentina's political landscape takes a dramatic turn as libertarian outsider Javier Milei secures an unexpected presidential victory, promising radical economic reforms. With a resounding 56% of votes, Milei plans to abandon the peso for the US dollar, close the central bank, and implement deep spending cuts. Critics fear the move could plunge the nation into hyperinflation, while Milei faces challenges navigating a fragmented congress and impatient electorate. As Argentina braces for uncertainty, the global impact looms, with Milei's pledge to freeze relations with top trading partners China and Brazil sending ripples through international markets.

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Argentina Takes Leap Into Unknown With Javier Milei as President

By Manuela Tobias, Patrick Gillespie and Ignacio Olivera Doll

Libertarian outsider Javier Milei won Argentina's presidency promising a radical shakeup to fix decades of policy mismanagement, a strategy that resonated with a populace suffering under a nosediving economy and one of the world's fastest inflation rates.

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