رئيس جديد للأرجنتين هل ينقذها من الأزمة الاقتصادية؟
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00:00 Argentina is suffering from excessive inflation, high interest rates and a stagnant currency.
00:06 But recently, it has elected a new president.
00:09 Can the new president save Argentina from this crisis?
00:13 Javier Meili won by 56% of the votes of the Argentine candidates after winning by 86% of the votes.
00:22 The new president is 53 years old and he describes himself as a financial leader.
00:30 He has raised controversy over many TV interventions and he was a political opponent two years ago.
00:37 After winning the elections, he said that today is the rebuilding of Argentina,
00:43 warning that there will not be half the solutions as a result of the major economic challenges facing the Argentine economy.
00:51 The most prominent of these challenges is that 40% of the Argentine population is under the poverty line
00:56 and there is also a debt program worth $44 billion.
00:59 Now there is pressure on Argentina to pay off this loan from the IMF, which it received in 2018,
01:07 especially because foreign reserves in the Argentine central bank have fallen by 40% since the beginning of the year.
01:14 The inflation and interest rates have also risen and rents have risen to become far from the common consumer.
01:22 The minimum wage has also dropped to $400.
01:27 Inflation and interest rates are also among the main challenges facing the Argentine economy.
01:33 In October, inflation increased rapidly since Argentina tried to get out of the inflation crisis 30 years ago.
01:42 It rose by about 143% in October and came worse than expected.
01:48 As a result, the Argentine central bank raised interest rates faster and also to a higher level,
01:55 reaching about 133% of 118%.
02:00 This was the sixth increase since the beginning of the year, where it was at 75% at the beginning of the year.
02:08 Also, the peso has suffered a decrease in the dollar,
02:13 where it dropped by about 46% since the beginning of 2023.