The Argentine peso has a troubled past, but it might be about to face its greatest challenge. Free-market radical and populist candidate Javier Milei, who won 30% of the votes in Argentina’s primary election, has said he would abolish Argentina’s central bank and its domestic currency if he were to win October’s presidential election.
Treasury solutions firm Kyriba’s first-quarter currency-impact report identified the Argentine peso as the most volatile of the G20 currencies over the first three months of the year.
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