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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.
The Convertibility plan was a plan by the Argentine Currency Board that pegged the Argentine peso to the U.S. dollar between 1991 and 2002 in an attempt to eliminate hyperinflation and stimulate economic growth. [1] While it initially met with considerable success, the board's actions ultimately failed. The peso was only pegged to the dollar ...
Argentina on Tuesday announced a sharp devaluation of its currency and cuts to energy and transportation subsidies as part of shock measures new President Javier Milei says are needed to deal with ...
Argentine currency has experienced severe inflation, with periods of hyperinflation, since the mid-20th century, ... After the financial crisis of 2001, ...
Since 2019, Argentina's peso currency has been kept artificially strong by strict capital controls which create a wide gap between the official exchange rate of 366 per dollar and parallel rates ...
Argentina's central bank late on Wednesday announced further currency controls in an effort to tame speculation and stem a spiraling debt crisis in Latin America's third largest economy. The new ...
In 1838 there was a new currency crisis, and the peso papel was devalued by 34%, and in 1839 when the peso papel lost 66% of its value. [44] It was again devalued by 95% in 1845, and by 40% in 1851. [44] The Alsina years, which coincided with the secession of Buenos Aires, saw an extremely poor economic performance. [50]
Argentina’s new financial crisis following the surprise July 2 resignation of its former economy minister is rocking the country, and driving many nervous Argentines to rush to buy goods as ...