Buenos Aires’s reserves rose by the same margin as Washington seeks to bolster Javier Milei’s government
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was
€65.88
now
€54.
Buenos Aires hands back $2.5bn it drew under swap line ahead of pivotal election in October
Changes aim to build reserves and quell investor concern about President Javier Milei’s economic policy
Libertarian president vows to double down on transformation of country’s economy
Emerging market and distressed debt specialists post big returns after Washington’s support and electoral win boost Buenos Aires
After sky-high inflation, currency crises and failed reform plans, the country was never going to find a quick fix
US support has helped calm markets, but Argentina’s president is politically weakened as his party faces midterm elections
