Argentina's presidential hopefuls face devaluation conundrum

Presidential pre-candidate Patricia Bullrich speaks during her presentation at the 135th Argentine Rural Society's annual exposition, in Buenos Aires, Argentina July 24, 2023. REUTERS/Matias Baglietto/File Photo

BUENOS AIRES (Reuters) - Argentina's fractured opposition may not agree on much ahead of an upcoming Aug. 13 primary election but it has coalesced around the need to end a dizzying system of multiple exchange rates that has spooked investors and crippled the economy.

Both mainstream opposition candidates, Patricia Bullrich and Horacio Rodriguez Larreta, would dismantle the myriad of preferential rates in Argentina, custom made for dozens of daily transactions ranging from travel expenses to wine exports.