Argentina. Javier Mileis new Minister of Economy Toto Caputo – Politics

Maybe we first have to pay respect to Luis Caputo. The former banker is the new economics minister of Argentina, a country that is in the throes of an all-encompassing economic crisis: inflation is in the triple digits and the central bank’s reserves have been depleted. The local currency, the peso, is barely worth the paper it is printed on, and almost half of the people in the once prosperous South American country live below the poverty line. President Javier Milei, who was sworn in on Sunday, wants to introduce the US dollar as the official currency.

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