Archive · 6 Nov 2025
Argentina's Milei Rejects Free Float for Peso Amid Reform Push
Argentina's leader, Javier Milei, is saying no to letting the country's money, the peso, just float on its own without government help.
Some people who invest money wanted him to do this, but he's saying he won't.
He also wants to speed up his plan to make the economy more like a free market, where businesses can work more freely.
He also mentioned he wants to be closer friends with the President of the United States, Donald Trump.
Argentina's President Javier Milei has rejected calls to let the peso float freely.
This decision comes after Milei's victory in midterm elections.
Milei stated his intention to speed up free-market reforms.
He also plans to strengthen his alliance with U.S. President Donald Trump.
The Financial Times reported on Milei's stance.
- Who
- Argentina's President Javier Milei
- What
- Rejected calls to allow the Argentine peso to float freely
- When
- Reported on Thursday
- Where
- Argentina
- Why
- To accelerate free-market reforms and deepen alliance with U.S. President Donald Trump
- President
- Javier Milei
- Policy Stance
- Rejects free float for Argentine peso
- Reported By
- Financial Times
- Key Alliance
- U.S. President Donald Trump