Milei's Defeat in Buenos Aires Causes Plunge in Argentine Peso and Makes Brazilian Real Reach Record Value

Milei’s Defeat in Buenos Aires Causes Plunge in Argentine Peso and Makes Brazilian Real Reach Record Value

Written by Caio Aviz

Published on 08/09/2025 at 17:30

Javier Milei gesticula com intensidade durante evento da coalizão La Libertad Avanza, em frente ao símbolo do partido.

7 people reacted to this.

Brazilian Currency Achieves Historical Strength Against Argentina and Exposes Economic Fragility

The real reached a record exchange rate against the Argentine peso this Monday (8). This occurred shortly after the defeat of Javier Milei’s party in the provincial elections in Buenos Aires.

Just in 2025, the Argentine currency has already accumulated a decline of 37% against the Brazilian one, according to official data released by the Central Bank of Argentina.

Argentine Peso Loses Value Quickly

Throughout the year, the Argentine peso has been experiencing successive devaluations. At the beginning of January 2025, one real bought 163 Argentine pesos.

ARTICLE CONTINUES BELOW

Electoral Defeat Pressures Milei Government

With almost 100% of the votes counted, the Peronist-Kirchnerist coalition National Force obtained 41.75% of the votes in the province of Buenos Aires.

Milei’s party, La Libertad Avanza (LLA), received only 34.15% of the electorate. Thus, the election on Sunday (7) was interpreted as a thermometer for the federal legislature.

The election is scheduled for October 26, 2025. As the province accounts for 40% of the Argentine electorate, the defeat represented a severe political blow to Milei.

The president is trying to maintain support for his reform agenda. However, the results increased uncertainty regarding his governability and the future of his economic project.

Declining Electoral Participation

The voter turnout rate was 63%, seven points below the rate recorded in 2021, according to Argentina’s Electoral Justice.

This data reinforced the perception of popular discontent and signaled weaknesses in Milei’s support base.

Moreover, experts emphasize that the election in Buenos Aires is strategic. It sets scenarios that can directly influence the national outcome in October.

Economic Crisis and Political Instability

The electoral defeat of Milei adds to structural problems in the Argentine economy, such as high inflation and scarcity of international reserves.

Additionally, corruption allegations involving his sister, Karina Milei, have increased the perception of instability and fueled currency devaluation.

Therefore, the Argentine peso has once again lost value against the real and also against the Chilean peso. These currencies are seen as safer in the region.

As a result, pressure on the Argentine economy is growing. The country has already been suffering from market distrust and political instability.

In light of this, analysts foresee greater difficulties in implementing economic reforms in the coming months.

Milei’s Defeat in Buenos Aires Causes Plunge in Argentine Peso and Makes Brazilian Real Reach Record Value

Brazilian Currency Achieves Historical Strength Against Argentina and Exposes Economic Fragility

Argentine Peso Loses Value Quickly

Electoral Defeat Pressures Milei Government

Declining Electoral Participation

Economic Crisis and Political Instability

Gaddafi built the world’s largest artificial river under the Sahara — it’s 4,000 km of giant pipes that pump 40,000-year-old fossil water to entire cities in Libya.

The Soviet Union spent 22 years drilling into the Earth’s crust and reached a depth of 12,262 meters — they found water where it was thought impossible, hydrogen bubbling from the rock, granite that is 2.7 billion years old, and temperatures of 180 degrees that melted the drill bits.

Discovery in Africa scares even scientists: a study published on April 23 reveals that the crust in Turkana has become so thin that it could pave the way for the continent’s division and the emergence of an ocean in the future, in a gigantic geological transformation.

A German architect built a cylindrical house in 1994 that rotates to follow the sun throughout the day, generates 5 times more energy than it consumes, and was the world’s first energy-positive house.

During works to build an artificial island in Indonesia, workers dredged 5 million cubic meters of sand from the seabed and found over 6,000 fossils from a lost continent that submerged 10,000 years ago.

Brazil spent R$ 1.9 billion on a giant bridge to Paraguay, and it is already finished, but no one can use it properly because the access points are not ready, and traffic remains blocked months later.

US engineers create “road in a lab” to test giant trucks weighing up to 82,000 pounds without leaving the building, accelerating the validation of engines, fuels, and automation for Class 3 to 8 vehicles, and promising to cut time, cost, and risk in freight transport.

Avian flu returns to the radar of Brazilian agribusiness after FAO alert for Latin America, with more than 4,700 outbreaks since 2022 and direct risk to exports, farms, and health surveillance.

An expert says that teaching critical thinking from early adolescence can protect children and young people from the risks of social media, reduce vulnerability to scams, disinformation, and anxiety, and also develop creativity, autonomy, and skills increasingly valued in the job market.

A fossil remained forgotten for 70 years in a museum drawer — when re-examined with tomography, they discovered a 200-million-year-old predator with a bite that challenges what was known about crocodiles.

A fossil was forgotten for 70 years in a museum drawer — when they re-examined it with tomography, they discovered a 200-million-year-old predator with a bite that challenges what was known about crocodiles.

Milei’s Defeat in Buenos Aires Causes Plunge in Argentine Peso and Makes Brazilian Real Reach Record Value

Brazilian Currency Achieves Historical Strength Against Argentina and Exposes Economic Fragility

Argentine Peso Loses Value Quickly

Electoral Defeat Pressures Milei Government

Declining Electoral Participation

Economic Crisis and Political Instability

Gaddafi built the world’s largest artificial river under the Sahara — it’s 4,000 km of giant pipes that pump 40,000-year-old fossil water to entire cities in Libya.

The Soviet Union spent 22 years drilling into the Earth’s crust and reached a depth of 12,262 meters — they found water where it was thought impossible, hydrogen bubbling from the rock, granite that is 2.7 billion years old, and temperatures of 180 degrees that melted the drill bits.

Discovery in Africa scares even scientists: a study published on April 23 reveals that the crust in Turkana has become so thin that it could pave the way for the continent’s division and the emergence of an ocean in the future, in a gigantic geological transformation.

A German architect built a cylindrical house in 1994 that rotates to follow the sun throughout the day, generates 5 times more energy than it consumes, and was the world’s first energy-positive house.

During works to build an artificial island in Indonesia, workers dredged 5 million cubic meters of sand from the seabed and found over 6,000 fossils from a lost continent that submerged 10,000 years ago.

Brazil spent R$ 1.9 billion on a giant bridge to Paraguay, and it is already finished, but no one can use it properly because the access points are not ready, and traffic remains blocked months later.

Those who bought property off-plan may pay more: construction costs are rising with increases of up to 5% in materials like PVC and concrete, putting pressure on installments during the work.

Congress is evaluating at least 15 projects that could further increase electricity bills, expand subsidies already paid for by consumers via CDE, exceeding R$ 50 billion per year, and create new tariff pressures in the middle of an election year.

The Federal Revenue tightens the net against habitual debtors with debts over R$ 15 million and more than R$ 25 billion in accumulated liabilities, and begins to notify taxpayers with assets below the declared liabilities.

Foreign investment in telecom in Brazil rises to R$ 2.9 million in March, advances 8% over 2025, bringing the quarter to R$ 8.4 million and reinforcing international investment in 5G expansion, internet in remote areas, and the country’s digital modernization.

How much does a data engineer earn in 2026? Salaries exceed R$ 9,000 per month in Brazil, but specialists can reach close to R$ 24,000 with experience in cloud, artificial intelligence, big data, and bonuses from technology companies.

US engineers create “road in a lab” to test giant trucks weighing up to 82,000 pounds without leaving the building, accelerating the validation of engines, fuels, and automation for Class 3 to 8 vehicles, and promising to cut time, cost, and risk in freight transport.

Avian flu returns to the radar of Brazilian agribusiness after FAO alert for Latin America, with more than 4,700 outbreaks since 2022 and direct risk to exports, farms, and health surveillance.

An expert says that teaching critical thinking from early adolescence can protect children and young people from the risks of social media, reduce vulnerability to scams, disinformation, and anxiety, and also develop creativity, autonomy, and skills increasingly valued in the job market.

A fossil remained forgotten for 70 years in a museum drawer — when re-examined with tomography, they discovered a 200-million-year-old predator with a bite that challenges what was known about crocodiles.

A fossil was forgotten for 70 years in a museum drawer — when they re-examined it with tomography, they discovered a 200-million-year-old predator with a bite that challenges what was known about crocodiles.