Argentina devalues peso and cuts spending | Reuters

Argentina will weaken its peso over 50% to 800 per dollar, cut energy subsidies, and cancel tenders of public works, new economy minister Luis Caputo said, in economic shock therapy aimed at fixing the country’s worst crisis in decades. 👉 Read the story here: Keep up with the latest news from around the world: #News #Reuters #newsfeed #argentina #javiermilei #luiscaputo #inflation Subscribe: Reuters brings you the latest business, finance and breaking news video from around the globe. Our reputation for accuracy and impartiality is unparalleled. Get the latest news on: Follow Reuters on Facebook: Follow Reuters on Twitter: Follow Reuters on Instagram: