A prosecutor has launched a criminal case against Argentina’s frontrunner in this month’s presidential elections, accusing Javier Milei of deliberately causing a sharp drop in the Argentine currency when he encouraged citizens not to save in pesos. Milei has denounced the move as political persecution, just days ahead of the Oct. 22 election.
Presidential hopeful of the Liberty Advances coalition Javier Milei waves to supporters during a campaign rally in Salta, Argentina, Thursday, Oct. 12, 2023. Elections are set for Oct. 22. Presidential hopeful of the Liberty Advances coalition, Javier Milei, displays a shovel during a rally in Salta, Argentina, Thursday, Oct. 12, 2023. Elections are set for Oct. 22.
He pushed back against the criminal case Friday, characterizing the prosecutor as an ally of the government and saying that Picardi is “persecuting the political option most voted by the Argentine people.” In a news conference earlier this week, Milei said those who criticized him were trying to “tarnish the electoral process or even forcibly ban the most popular political force ... because they know we’re just a few points away from winning.”
Another member of Milei’s self-described libertarian party, a candidate for the Buenos Aires mayoralty, also called on citizens to drop the peso.Marra and Agustín Romo, a candidate for the Buenos Aires province legislature in Milei’s Liberty Advances party, also were included in the prosecutor’s filing.The so-called blue rate, as the informal exchange rate is known, reached as high as 1,050 pesos to the U.S. dollar on Tuesday, a sharp increase from 880 pesos the previous week.
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