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Argentine liberal president, Javier Miley, was exposed to a scandal due to his strengthening of the mechanics, which rose in value before collapse, which leads to calls and cases of cases.

Rouge Millie a Coded It is called $ Libra at X on Friday night, which started trading a few minutes ago. Its value increased at a speed of 4 dollars before it decreased to less than 50 cents. Participants accused the currency of the currency of the potential “pulling of the rug”, as the initial investors in the cryptocurrency in others are offering to amplify its price before withdrawing their money quickly.

Political opponents filed dozens of lawsuits mercy One of the violations of ethics, while the main left -wing opposition bloc in Perunist said it would launch the dismissal procedures and accuse him of “participating in encryption fraud.”

Analysts said it was the largest crisis for the Miley administration since he took office in December 2023.

Millie’s office said that the president met twice with representatives of the companies participating in the construction of the currency, but “was not involved at any time” in his development. It was published on this topic only as part of the “daily” promotion of Argentine companies.

He added that the president had asked the Anti -Corruption Office in the executive branch to investigate whether there were any violations by himself or any government representative.

Analysts said the episode risked undermining confidence in Milli, a former economist in the private sector. He tamed the inflation crisis in Argentina through a comprehensive austerity program and high -level alliances with technology leaders in Argentina and the United States.

“In the long -term to long term, this will stain the president’s credibility, [even if] He was [honest] “The error, given that he boasts of his capabilities as an economist,” said Marcelo Garcia, director of the Americas at Horizon Engage.

“For foreign investors, this will nourish the doubts that were already exist about the political ability of the government and raises fears that unspeakable errors can endanger the reform program.”

The stock market in Argentina fell more than 5 percent on Monday, while Peso It fell by 2 percent against the dollar in a decisive parallel exchange market.

A few Argentines were financially affected by the modified currency accident, as the country’s Fintech room suggested that the X posts analysis indicates that most of the $ $ Buyer were in the United States and Asia. They added that the currency was not included on the stock exchanges used by the “vast majority” of Argentine encryption users.

Millie’s opponents seem unlikely to secure the two -thirds majority of Congress to dismiss the president, as the central blocs say they will not support the proposal.

“The episode is” dangerous “because it included” the credibility of the country. ” . . The footnote to the president “but he accused the leftist leaders of” political opportunism “in calling for his expulsion.

But analysts said that the investigations conducted on the president could affect the categories of his consent, which were hoping for about 50 percent during the past year, as Argentina is preparing for the legislative elections in October.

Juan Cruz Diaz, Managing Director of the Cefeidas Group Consultance at Buenos Aires, said the scandal threatened to weaken the position of the minority government negotiations in Congress, as it tries to pass a draft law on the reform issued.

“It is the first important crisis the government has faced,” he said. “It has space for maneuvering [but] It will be important how to manage the situation in the coming days and weeks. “