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Argentina’s Treasury Steps Into FX Market as Cristina Kirchner Assails Milei

The move underscores a sharp break from Milei’s libertarian rhetoric.

Overview

  • The government announced that the Treasury will intervene in the Mercado Único y Libre de Cambio to contribute to liquidity and normal functioning.
  • Cristina Fernández de Kirchner reappeared with a post on X, telling Milei “¡La vas a chocar mal!” and opening with a jab that referenced “la coima de tu hermana.”
  • She blamed shrinking dollar availability on emissive tourism, capital flight, debt interest, cash hoarding, and imports.
  • Kirchner said the intervention contradicts the administration’s Austrian-school promises, quipping that Milei “burned the little books.”
  • Her message alluded to leaked recordings attributed to Karina Milei that are at the center of a corruption scandal.