Argentine presidential candidates Javier Milei has vowed to dollarize Argentina's economy and close down the central bank.
The value of emerging market currencies keeps tumbling. Argentina’s peso has lost half its value against the dollar this year. Same with the lira in Turkey. Investors are souring on Brazil. India. South Africa. Mexico. Indonesia. Some of these countries have been through currency and financial crises before. And each case is different. But sometimes […]
It’s not all about the Benjamins.
The cost of gasoline in Mexico has spiked since the start of the new year. And people there are protesting about it. That’s because President Enrique Pena Nieto’s administration deregulated the industry. The problem is that the Mexican economy is struggling and the peso is losing value. And, the rise in gas costs could also […]