Argentina devalues the peso

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Just two days since Argentina's new president was sworn in, and already there are signs of some of the radical measures promised by Janier Milei. Argentina will weaken its peso over 50% to 800 per dollar and cut energy subsidies. The new Economy Minister Luis Caputo announced these measures, saying it would be painful in the short-term but was needed to bring down inflation. (Picture: ARGENTINA-G20-TRADE-DUJOVNE-CAPUTO. Picture credit: Getty Images)