President Milei introduced new measures to combat inflation

The Argentinian peso in parallel foreign exchanges showed notable strength against the U.S. dollar on Monday, a development that comes amidst a series of new economic measures introduced by President Javier Milei's administration. The government had announced plans to halt the expansion of the monetary base and a significant purchase from the central bank to cover bond interest payments. These measures are aimed at addressing the severe inflation that has plagued the country.