Trump set to bail out Argentina, irking some in 'America First' camp

[underpants]

5. Yes. He has lowered inflation from 289% to 34%

He cut 50,000 government jobs


Currency is the root of Argentina’s problems. The overvalued peso, which has lifted Argentines’ living standards, has hurt exports and led to a wider trade deficit. That has worked against efforts to rebuild foreign currency reserves, leaving the government short of the dollars it needs to service its $250 billion foreign debt.

Milei squandered a significant amount of dollar reserves to buy pesos in the open market in an effort to sustain the currency’s value, fearing a decline would fuel the inflation that he is trying to eradicate.