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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.
Evolution of GDP growth. The economic history of Argentina is one of the most studied, owing to the "Argentine paradox". As a country, it had achieved advanced development in the early 20th century but experienced a reversal relative to other developed economies, which inspired an enormous wealth of literature and diverse analysis on the causes of this relative decline. [2]
The BONEX Plan was a forced conversion of bank time deposits to Treasury bonds performed by the Argentine government in January 1990. [1]It was put in place following a 3079,5% hyperinflation in 1989, [2] as heterodox stabilization programs failed. [3]
Argentina has come out of a deep recession in a major ... The news of the economic rebound comes a year after Milei was elected on a ticket to tackle chronic hyperinflation and overhaul the long ...
Argentina's first budget surplus in 12 years has come at a steep cost. Milei halted inflation increases for university budgets , leaving some universities struggling to keep their lights on and ...
Javier Milei swept to power in Argentina a year ago on a ticket to tackle chronic hyperinflation and overhaul the long-suffering economy. In one regard — slashing the size of the state — he ...
During the period of circulation of the austral, Argentina suffered from hyperinflation. The last months of President Raul Alfonsín 's period in office in 1989 saw prices increase constantly (200% in July alone), reflected in a worsening exchange rate.
Argentina's 2023 annual inflation was the highest in the world at 211.4%. [42] In January 2024, Argentina’s poverty rate reached 57.4%, the highest poverty rate in the country since 2004. [43] Because of Milei's policies, the monthly inflation rate dropped to 2.4% in December 2024, marking an end to Argentina's period of hyperinflation. [44]