Argentina to devalue peso by more than 50 pc to help nation's struggling economy

Buenos Aires [Argentina], December 13 (ANI): Argentina will devalue the peso by more than 50 per cent as part of emergency measures to help the nation's struggling economy, the country's Economy Minister Luis Caputo announced on Tuesday, CNN reported.

The move changes the dollar conversion rate to 800 pesos per dollar from 365 pesos and comes just days into President Javier Milei's term.

Milei campaigned on a pledge to ge