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Argentina announces a 50% devaluation of its currency as part of shock economic measures

Por: CBS News World December 13, 2023

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Argentina on Tuesday announced a sharp devaluation of its currency and cuts to energy and transportation subsidies as part of shock adjustments are needed to deal with an economic emergency.Economy Minister Luis Caputo said in a televised message that the Argentine peso will be devalued by 50% from 400 pesos to the U.S. dollar, to 800 pesos to the dollar.For few months, we're going to be worse than before, he said.   said the country... + full article



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