# Argentina: How Javier Milei Made His Countrymen Turn Against the Dollar - Bloomberg

> Argentines have long preferred the US dollar over the peso due to repeated inflation episodes that eroded local savings. Estimates place Argentina among the top holders of US dollar banknotes, behind only the United States and Russia.

- Date: 2024-12-12 · published 2024-12-12T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/27239-argentina-how-javier-milei-made-his-countrymen-turn-against-the-dollar-bloomberg
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Strong dollar demand weakens the peso and shapes Argentina's export liquidation incentives for soy and grain, which feeds into global meal and oil pricing.

## Read by commodity

- USDARS: neutral

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-12-12/argentines-no-longer-love-the-dollar-thanks-to-javier-milei

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.