ARGENTINA-ECONOMY-CURRENCY

A sign on a shop window displays the exchange rate for US dollars, euros and Brazilian reales in Argentine pesos (L top) and another offers a job for a salesperson, in the main pedestrian street of Buenos Aires, on November 21, 2023. Monday, the day after the election, was a public holiday in Argentina, but Argentina's stock market reacted with optimism Tuesday to the resounding election win by libertarian Javier Milei, despite the country being gripped by uncertainty over what changes the self-described "anarcho-capitalist" will bring. Argentina's peso is strictly controlled, and the informal "blue dollar" exchange rate -- seen as a barometer of panic in the country -- reacted with moderation, rising slightly to 1,050 pesos to the dollar. The rate is almost three times the official rate of 371.50, and analysts warn a devaluation is long overdue. (Photo by Juan MABROMATA / AFP) (Photo by JUAN MABROMATA/AFP via Getty Images)
A sign on a shop window displays the exchange rate for US dollars, euros and Brazilian reales in Argentine pesos (L top) and another offers a job for a salesperson, in the main pedestrian street of Buenos Aires, on November 21, 2023. Monday, the day after the election, was a public holiday in Argentina, but Argentina's stock market reacted with optimism Tuesday to the resounding election win by libertarian Javier Milei, despite the country being gripped by uncertainty over what changes the self-described "anarcho-capitalist" will bring. Argentina's peso is strictly controlled, and the informal "blue dollar" exchange rate -- seen as a barometer of panic in the country -- reacted with moderation, rising slightly to 1,050 pesos to the dollar. The rate is almost three times the official rate of 371.50, and analysts warn a devaluation is long overdue. (Photo by Juan MABROMATA / AFP) (Photo by JUAN MABROMATA/AFP via Getty Images)
ARGENTINA-ECONOMY-CURRENCY
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Credit:
JUAN MABROMATA / Contributor
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1794972388
Collection:
AFP
Date created:
21 November, 2023
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Source:
AFP
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AFP
Object name:
AFP_34484N8
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