Analysis-Argentina investors see silver lining in Milei election shock


FILE PHOTO: A one hundred Argentine peso bill sits on top of several one hundred U.S. dollar bills in this illustration picture taken October 17, 2022. REUTERS/Agustin Marcarian/Illustration/File Photo

NEW YORK (Reuters) - Investors in Argentina's financial markets, where bonds and the peso slid on Monday after central bank moves following a surprise primary election result, said the vote had a silver lining: it would likely hasten long-called-for economic reforms.

The Sunday primary, an open vote that acts as a dress rehearsal for the October general election, handed a big win to right-wing populist Javier Milei, who wants to dollarize the economy and axe the central bank, while the nomination for the conservative coalition was won by hardline Patricia Bullrich.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Ukraine hits Russian ballistic missiles producer in Udmurtia, Kyiv says
India, Brazil sign mining pact as Modi targets $20 billion trade in five years
With tariffs ruling, Supreme Court reasserts its power to check Trump
Exclusive-Cuban security forces exit Venezuela as US pressure mounts
France's Macron calls for calm ahead of march for far-right activist killed last week
Two soldiers, five militants killed in Bannu, Pakistan army says
Ukrainians, scattered across Europe, trapped in limbo by war
Macron says US Supreme Court tariff ruling shows it is good to have counterweights to power in democracies
Analysis-Trump pushes US toward war with Iran as advisers urge focus on economy
Trump meets Vietnam leader, vows to remove Hanoi from restricted lists

Others Also Read