Argentina's Milei Pulls Off a Primary Upset

Javier Melee, an outsider and congressman, unexpectedly won the primary elections in Argentina, causing market uncertainty. His libertarian policies, including abolishing the central bank and dollarizing the economy, have sparked debate. The Argentine peso has devalued significantly, and inflation concerns are rising. The upcoming October elections could lead to a runoff, with Patricia Bullridge as a potential contender. Argentina's economic history, including past IMF dealings and hyperinflation, adds complexity to the current situation.

What concerns do investors have regarding the upcoming elections in Argentina?

What historical economic challenges has Argentina faced that relate to its current situation?