Browsing: currency devaluation

Banks in Argentina are grappling with a severe liquidity crunch as soaring peso yields, fueled by rising inflation and economic uncertainty, intensify pressure on the financial sector, Bloomberg reports

Javier Milei’s economic policies in Argentina have garnered attention as a potential “inflation miracle,” but analysis indicates that outdated items in the inflation index may skew perceptions of economic recovery. As critics examine the data, the true impact remains uncertain.

Argentina, once a haven for budget travelers, has seen soaring inflation that has dramatically increased costs for locals and tourists alike. As businesses struggle to adapt, the country grapples with a shifting economic landscape that affects everyone.