Milei’s Approval Rating Drops After LIBRA Scandal

Polls show varying results regarding the President’s approval rating following the LIBRA scandal. According to a recent poll, 58% of Argentinians no longer trust Milei.

In a March poll by Zuban Córdoba, 57.6% of participants said they did not approve of him, while 36% still trusted him. Furthermore, Milei’s image and the national government’s approval rating have shown a significant decline in recent months.

The national government approval rating fell from 47.3% in November to 41.6% in March. Zuban Córdoba noted that negative assessments of the government have gradually increased, and this trend seems to be continuing.

President’s Approval Rating Drops After LIBRA Scandal: Mixed Poll Results

In another poll conducted by San Andrés University from March 11 to 20 with 1,020 participants, Milei’s approval rating was found to have dropped to 45%.

However, not all polls show the same picture. Data collected by Morning Consult from February 27 to March 5 indicates that Milei still has a 62.4% approval rating after the LIBRA scandal.

After the scandal, the President defended himself by claiming he did not promote the LIBRA token, but only spread it among the public. However, fraud lawsuits accuse him of promoting LIBRA.

The LIBRA token reached a market value of $4.6 billion after the President’s tweet on February 14, but experienced a 94% drop within hours.

Argentina’s opposition party has called for Milei’s resignation but has achieved limited success so far.

Milei’s Party Still Leading in Elections

Despite the negative results, the President’s party remains ahead in the upcoming elections. Debates have intensified as Argentina’s next elections are scheduled for October 26.

Despite the negative polling, his party, La Libertad Avanza, remains the most likely to win the highest share of votes, with 36.7% support, while Unión por la Patria is in second place with 32.5%.

However, only 43% of Argentinians believe Milei, a former economist, has adequately controlled inflation. Additionally, 63% of participants oppose Milei’s efforts to secure new loans from the International Monetary Fund.

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