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Investors are increasingly confident in Argentine President Javier Milei, continuing to invest in the country"s stocks and bonds as they reach record highs. This optimism is fueled by expectations that his austerity measures will yield further financial benefits.
The US dollar remains the dominant global currency, holding 62% of foreign exchange reserves, while the euro trails at 20%. Despite efforts from BRICS nations to establish alternatives, the dollar's unique attributes—such as a large economy, liquid capital markets, and free tradability—ensure its continued supremacy. The euro is the only potential challenger, but its structural flaws hinder confidence in its viability.
Milei
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investors increase stakes in argentina as milei"s austerity measures gain traction
11:04 18.11.2024
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09:25 28.10.2024
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