( ) -q-28- UNDATED (Correspondent Jeremy House) “of tough measures.” Argentina has announced a sharp devaluation of its currency and cuts to energy and transportation subsidies. [CutID: <Cuts> ARGENTINA-ECONOMY-house-q-WEDam.mp3 Time: 28s Title: ARGENTINA-ECONOMY-house-q-WEDam Out-cue: of tough measures] TAG: Correspondent Jeremy House reporting. —————————- VERBATIM: The actions are part of shock adjustments new President Javier Milei […]
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Argentina sharply devalues its currency and cuts subsidies as part of shock economic measures
( ) -q-28- UNDATED (Correspondent Jeremy House) “of tough measures.”
Argentina has announced a sharp devaluation of its currency and cuts to energy and transportation subsidies.
[CutID: <Cuts> ARGENTINA-ECONOMY-house-q-WEDam.mp3
Time: 28s
Title: ARGENTINA-ECONOMY-house-q-WEDam
Out-cue: of tough measures]
TAG: Correspondent Jeremy House reporting.
—————————-
VERBATIM: The actions are part of shock adjustments new President Javier Milei says are needed to deal with an economic emergency. Economy Minister Luis Caputo says the Argentine peso will be devalued by 50% from 400 to the U.S. dollar to 800 pesos to the dollar. Milei, a libertarian, was sworn in recently as president of the second largest economy in South America and immediately warned of tough measures.