Argentina’s peso sinks after presidential candidate who wants to dollarize economy pulls off shocking primary win

Nora Mazzini Argentina’s peso sank 20% against the dollar after Javier Milei’s surprise primary victory. The presidential candidate has called for ditching the peso in favor of the dollar to rein in inflation. The country’s central bank will also boost the benchmark interest rate to 118% from 97%. Argentina’s peso sank Monday after presidential candidate Javier Milei pulled off a shocking primary win on Sunday. The far-right libertarian economist and congressman has called for Argentina to ditch the peso and official adopt the US dollar as its local currency to rein in inflation, which is running at over 100%. In…