Argentines Demand Pesos as Banks Turn to Repo Market: A Shock Therapy Approach

In Argentina, a noteworthy change in economic behavior has emerged as President Javier Milei’s administration advocates for greater use of the US dollar. Contrarily, for the first time in years, many Argentines are increasingly seeking to use their local currency, the peso. This shift has sparked a surge in demand for pesos, leading commercial banks...