Browsing: Argentine Peso

The Milei team moves swiftly to tackle a growing bribery scandal, as Argentina’s bonds and peso plunge, sparking investor alarm and intensifying economic uncertainty in Buenos Aires

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