Argentina central bank defends peso as Milei faces setbacks


The monetary authority sold US$53mil on Wednesday. — Bloomberg

BUENOS AIRES: Argentina’s central bank has stepped into the market to prop up the peso for the first time since it implemented a trading band in April, adding to a growing list of setbacks for president Javier Milei.

The monetary authority sold US$53mil on Wednesday, according to its daily report on foreign reserves.

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