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International Business Times

Business

Argentina's Milei Says 'Political Panic' Rattling Markets

Javier Milei Karina Milei Argentina central bank

Thousands of Argentines demonstrated against President Javier Milei's vetoes of laws on funding for public universities and the country's biggest pediatric hospital (Credit: AFP)

Argentine President Javier Milei blamed "political panic" for rattling markets Friday in the run-up to crucial midterm elections, sending the peso into a tailspin and hurting the country's sovereign risk.

The Central Bank intervened this week to shore up the peso, which closed at 1,515 pesos to the dollar on Friday, breaking through the upper limit of the trading band set by the government.

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