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The 2018–present Argentine monetary crisis is an ongoing severe devaluation of the Argentine peso, caused by high inflation and steep fall in the perceived value of the currency at the local level as it continually lost purchasing power, along with other domestic and international factors.
BUENOS AIRES (Reuters) -Argentina will weaken its peso over 50% to 800 per dollar, cut energy subsidies, and cancel tenders of public works, new Economy Minister Luis Caputo said on Tuesday ...
Argentina will devalue the peso by more than 50% as part of emergency measures to help the nation’s struggling economy, the country’s Economy Minister Luis Caputo announced Tuesday.
The inflation that has ravaged Argentina caused prices to soar by almost 300 percent in the past year. ... far from everything is rosy now in Argentina's economy as it nears the end of the first ...
November 30 marks the beginning of the 2001 economic crisis in Argentina [6] caused by the rising fear at how rapidly the Argentinian peso was being devalued. This crisis was caused in part by the extensive borrowing Argentina implemented during the presidency of Carlos Menem, and the governments dwindling tax revenue. [7]
Argentina's annual inflation rate fell to 117.8 percent in 2024, marking a significant drop of 93.6 points compared to the record 211.4 percent inflation rate of 2023. The sharp decline signals a ...
The 2018–present Argentine monetary crisis Topics referred to by the same term This disambiguation page lists articles associated with the title Argentine economic crisis .
The painful economic steps that Argentina's new president, Javier Milei, announced this week sound draconian: Slashing the currency's value in half. Inflation in Argentina has hit 161%. Its debts ...