Argentina to devalue peso, cut energy subsidies to fix economic crisis

BUENOS AIRES (Reuters) -Argentina will weaken its official peso exchange rate over 50% to 800 per dollar, cut energy subsidies, cancel tenders of public works and slash the size of government, the country’s new economy minister Luis Caputo said on Tuesday, economic ‘shock’ therapy aimed at fixing its worst crisis in decades. Read full story

Source : https://www.thestar.com.my/news/world/2023/12/13/argentina-to-devalue-peso-cut-energy-subsidies-to-fix-economic-crisis

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