Browsing: Argentine Peso

The U.S. dollar exchange rate in Argentina has soared to an unprecedented AR$1,380, underscoring the nation’s escalating economic crisis. This sharp plunge in the peso’s value is fueling soaring inflation and putting immense pressure on everyday budgets, reports the Buenos Aires Herald

Argentina’s Economy Minister Milei is taking bold action to rein in the currency market as the peso supply surges, aiming to stabilize the fragile economy amid soaring inflation and a sharp rise in capital flight, Bloomberg reports