Bessent emphasizes currency swaps as the smarter choice over direct cash aid, as Argentina works to stabilize the peso amid persistent economic challenges. This strategy aims to bolster reserves without increasing debt, signaling a savvy new approach to managing the crisis
Argentina let the peso plunge sharply in early trading before stepping in to halt further losses, the Buenos Aires Times reports. This decisive action aims to stabilize a currency battling growing economic uncertainty
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
Argentina’s Finance Minister Javier Milei is staking his political future on a strong peso, fiercely committed to curbing inflation and reigniting investor confidence amid economic chaos-though this daring strategy could send shockwaves through the markets
Argentina’s recent overhaul of its foreign exchange regime has sparked widespread speculation about the future of the peso. As the government aims to stabilize the currency amid soaring inflation, analysts are closely watching how these changes influence economic recovery.
