Javier Milei has emerged as the winner of the presidential election in Argentina.
Argentina is likely to decline an invitation to join BRICS.
Milei promised to replace the Peso with the U.S. dollar to tackle the financial crisis.
Javier Milei has emerged as the winner of the just-concluded presidential election in Argentina, and stakeholders are already considering the socio-economic implications of the far-right politician’s victory. Top among the issues is the potential decline of Argentina’s invitation to join the BRICS economic bloc, given just three months ago.
As part of his campaign promises, Milei vowed to abolish the Central Bank of Argentina and stop using the country’s national currency, the Peso. He told the people that he would replace the Peso with the U.S. dollar as part of measures to tackle the persistent financial crisis currently facing the country.
Milei also plans to cut ties with Brazil and China, two of Argentina’s most important trading partners for several years. He noted during the campaign that he would not retain political links with China or any other communist country.
Earlier this year, BRICS, an intergovernmental …
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