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Javier Milei’s next gamble: letting the peso off the leash

Argentina’s libertarian president Javier Milei made a high-stakes strategy change this week, scrapping a currency policy that has underpinned his battle against inflation but unnerved investors. Milei has relied in part on Argentina’s long-standing strict currency controls to tame chronic price rises. The central bank has dramatically strengthened the peso in real terms, but burned…

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