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The 2018–present Argentine monetary crisis is an ongoing severe devaluation of the Argentine peso, caused by high inflation and steep fall in the perceived value of the currency at the local level as it continually lost purchasing power, along with other domestic and international factors.
Jan 11, 2024 · Argentina’s annual inflation rate reached 211.4 per cent in December, the country’s statistics agency said on Thursday, confirming the depth of the economic crisis facing the country and its...
- Ciara Nugent
Apr 10, 2023 · How Argentina went from one of the world's richest nations to 100 per cent inflation, with 'mountains of money worth nothing' - ABC News. By Inga Ting. Posted Mon 10 Apr 2023 at 12:00pm, updated Wed 12 Apr 2023 at 8:55pm. Inflation is so high in Argentina that bundles of bank notes are needed to make even small purchases.
- Inga Ting
This crisis was caused in part by the extensive borrowing Argentina implemented during the presidency of Carlos Menem, and the governments dwindling tax revenue. On December 5, 2001, the IMF made an announcement that they would no longer provide aid due to Argentina's inability to meet the conditionality set by the IMF to receive loans.
Jan 11, 2024 · With this deal, Argentina’s new President Javier Milei, who took power in December and inherited a deep social, economic and financial crisis, puts back on track a $44bn bailout package...
Apr 19, 2021 · The global economic devastation that has accompanied Covid-19 has been especially stark in Argentina, a country that entered the pandemic deep in crisis. Its economy shrank nearly 10 percent in...
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