An Argentine prosecutor has filed charges against libertarian presidential frontrunner Javier Milei just days before the country's Oct. 22 general election.
A prosecutor launched a criminal case Friday against Argentina's frontrunner in this month's presidential elections, accusing Javier Milei of deliberately causing a drop in the Argentine currency when he encouraged citizens not to save in pesos. Milei denounced the move as political persecution, just days ahead of the Oct. 22 polling.
Stringent capital controls mean that access to the official foreign exchange market, which currently prices a dollar at 367 pesos, is extremely limited. Milei is a fiercely anti-establishment candidate who has said that the answer to Argentina’s red-hot inflation, which is running at around 140% per year, is to dollarize the economy. He had recently suggested the sharp depreciation of the peso could be convenient for his eventual presidency.
Polls show Milei is leading the race for presidency although he does not appear to have enough votes to win outright without a runoff next month.
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