Argentina: Cash-Strapped Province Launches Own Currency Amid Economic Woes | Firstpost America

Описание: Argentina: Cash-Strapped Province Launches Own Currency Amid Economic Woes | Firstpost America

In the remote province of La Rioja, Argentina, a bold economic experiment is unfolding. Facing a deep recession after federal fund cuts under President Javier Milei's government, Governor Ricardo Quintela introduced the "Chacho"—a local currency aimed at keeping the province afloat. Distributed to government employees, the Chacho is accepted by local businesses and can be exchanged for Pesos after a waiting period. While the move has temporarily boosted the local economy, concerns about its long-term viability remain. Quintela's plan reflects the province’s struggle to survive in an economy teetering on the brink, sparking debate nationwide. Watch our video to learn more.

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Argentina | Economic Crisis | Javier Milei | La Rioja | New Currency | Chacho | Firstpost America | Eric Ham | War | Geopolitics | Global Economy | Firstpost | World News | Latest News | Global News | International News | Trending News

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