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Tue, Dec 12 2023 8:16 PM ESTArgentina devalues currency by more than half, cuts subsidiesArgentina has sharply devalued its currency and cut subsidies for energy and transport as part of economic shock measures that new Economy Minister Luis Caputo said were aimed at fixing the country's worst crisis in decades.The peso was weakened by about 56% to 800 pesos to the dollar, from 366.5 before the move took effect. The Argentinian blue dollar - referring to cash dollars bought and sold informally - traded at 1050 to the dollar. Caputo...
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