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Argentina

Argentina's president-elect wants to replace its peso with the dollar. Why?

by Sabri Ben-Achour
Nov 20, 2023
In theory, "dollarization" solves some of Argentina's economic problems. But it could create others.
Javier Milei, Argentina's conservative incoming leader, has said he will push to slash government spending and adopt the U.S. currency to get inflation under control.
Tomas Cuesta/Getty Images
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At stake in Argentina's election: replacing the peso with the U.S. dollar

by Natalio Cosoy
Oct 20, 2023
Argentine presidential candidates Javier Milei has vowed to dollarize Argentina's economy and close down the central bank.
Far right presidential candidate Javier Milei has proposed dollarizing Argentina’s economy. Above, a supporter of Milei holds fake $100 bills that bear Milei's face.
Tomas Cuesta/Getty Images
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How Argentina's economy crumbled

by Sabri Ben-Achour and Jarrett Dang
Jun 2, 2023
The nation’s economic crisis, marked by unhinged inflation, has been developing for at least a decade, says economist Monica de Bolle.
Argentina's inflation crisis has its roots in the country's history of economic mismanagement, economist Monica de Bolle says.
Ronaldo Schemidt/AFP via Getty Images
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What Argentina’s inflation crisis says about trust in economic institutions

by Reema Khrais and Richard Cunningham
Apr 4, 2023
"It really is important to remember that confidence and trust really underpin our financial system," says Emily Stewart of Vox.
"You have to be pretty savvy to survive in the economy [in Argentina], because your money obviously is constantly losing value," says Vox's Emily Stewart.
Juan Mabromata/AFP via Getty Images
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What would a common currency mean for Brazil and Argentina?

by Lily Jamali
Jan 23, 2023
The eurozone, the world's largest currency bloc, is both a blueprint and cautionary tale for the two countries.
Argentina's inflation rate hit a three-decade record of 95% last year. Above, Argentine pesos in a bill-counting machine.
Luis Robayo/AFP via Getty Images
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New Trump administration tariffs mix currency dynamics into the trade war

by Kimberly Adams
Dec 2, 2019
The president said Monday he’ll bring back import taxes on steel and aluminum from Brazil and Argentina.
Trump paid no federal income taxes in 10 of the past 15 years, The New York Times reported Sunday.
Andrew Harrer/Pool/Getty Images
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Oil prices and inflation hit emerging economies

by Kimberly Adams
Oct 1, 2018
Emerging economies have had a tough time in the global economy recently. We’re talking about countries like India, Turkey, South Africa and Argentina. They’re deeply engaged in the world economy, and, in some ways, very vulnerable to its ups and downs. Click the audio player above to hear the full story. 
An Indian security guard walks inside Amazon's largest Fulfillment Centre (FC) in India, on the outskirts of Hyderabad on September 7, 2017.
NOAH SEELAM/AFP/Getty Images
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Road to recovery may be long for some emerging markets

by Scott Tong
Sep 5, 2018
The value of emerging market currencies keeps tumbling. Argentina’s peso has lost half its value against the dollar this year. Same with the lira in Turkey. Investors are souring on Brazil. India. South Africa. Mexico. Indonesia. Some of these countries have been through currency and financial crises before. And each case is different. But sometimes […]
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Argentina – another emerging market economy feels the heat

by Sabri Ben-Achour
Aug 30, 2018
What kind of shape is South America's second-largest economy in?
Currency exchange values are displayed in the buy-sell board of a bureau de exchange in Buenos Aires, on August 29, 2018. - Argentina's President Mauricio Macri said Wednesday that the International Monetary Fund has agreed to accelerate funding in support of his government's austerity program. The development came amid heightened volatility in the South American country's financial and currency markets, which have been battered by uncertainty over inflation, an economic downturn and budget deficits.
EITAN ABRAMOVICH/AFP/Getty Images
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Mnuchin urges trading partners to drop “non-tariff barriers”

by Marielle Segarra
Jul 23, 2018
U.S. Treasury Secretary Steven Mnuchin says the U.S. is ready to negotiate with China, the EU, and Japan on trade. But at the conclusion of a G-20 finance leaders meeting in Argentina this weekend, Mnuchin said our trading partners would have to remove tariffs on U.S. goods — and get rid of “non-tariff barriers” on U.S. […]
Chip Somodevilla/Getty Images
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