# How Javier Milei's shock measures are reshaping Argentina's economy | AP News

> Argentina's black market dollar has fallen since July, narrowing its gap with the official rate of 980 pesos. Chilean shoppers are now crossing into Argentina to buy goods that have become cheaper there.

- Date: 2024-12-10 · published 2024-12-10T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/27241-how-javier-milei-s-shock-measures-are-reshaping-argentina-s-economy-ap-news
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

A firmer peso reflects Milei's economic reforms and affects the cost of Argentine farm exports, though the direct effect on feed commodity prices is limited.

## Read by commodity

- USDARS: bearish ▼

## Sources

- apnews.com: https://apnews.com/article/argentina-milei-trump-musk-default-economy-inflation-libertarian-18efe55d81df459792a038ea9e321800

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