Argentina
Argentina has seen inflation fall under Javier Milei, but a history of destroyed savings and expensive long-term credit continues to push Argentines towards dollars.
Argentina is a country that has experienced significant economic challenges, including high inflation that has sharply reduced the value of peso savings. Under Javier Milei, inflation has reportedly fallen. However, a decade of destroyed savings and long-term borrowing rates at 29.9% mean Argentines still seek dollars. This situation highlights ongoing economic pressures within the country.
Overview
Argentina is a country that has experienced significant economic challenges, including high inflation that has sharply reduced the value of peso savings. Under Javier Milei, inflation has reportedly fallen. However, a decade of destroyed savings and long-term borrowing rates at 29.9% mean Argentines still seek dollars. This situation highlights ongoing economic pressures within the country.
Recent developments
Under Javier Milei, Argentina has experienced a sharp decline in inflation. Despite this, a decade of destroyed savings and expensive long-term credit continues to drive Argentines to seek dollars.
Historical context
The recent development of sharply falling inflation under Javier Milei follows a period where $10,000 in peso savings could turn into $114, indicating a history of significant currency devaluation.
Risk factors
A primary risk factor for Argentina is the historical destruction of savings due to inflation. Additionally, long-term credit is expensive, with borrowing rates at 29.9%.
Outlook
Will the recent decline in inflation be sufficient to reverse the trend of Argentines seeking dollars? How will the country address the impact of a decade of destroyed savings and high long-term borrowing costs?
Latest coverage
4 storiesIn Argentina, inflation has fallen sharply under Javier Milei. Yet a decade of destroyed savings and expensive long-term credit explains why Argentines continue to seek dollars. Argentines borrow at 29.9% on a long-term mortgage. Ecuadorians, who use the US dollar, borrow at 7.5%. Steve Hanke, the economist who helped Ecuador make that switch in 2000, The post Argentina Turned $10,000 in Peso Savings Into $114. Steve Hanke Says the Fix is Incomplete appeared first on BeInCrypto .
Rising U.S.-China tensions over tech influence in Argentina could hinder diplomatic engagements and affect global market dynamics. The post China accuses US of obstructing Huawei cooperation in Argentina appeared first on Crypto Briefing .
River Plate's strategic acquisition of Almada highlights Argentine clubs' growing competitiveness and influence in South American football. The post River Plate reaches verbal agreement with Atletico Madrid for Thiago Almada in €20M deal appeared first on Crypto Briefing .
Argentina's renewed currency swap with China strengthens its financial stability but complicates U.S. relations, impacting future policies. The post Argentina renews $19B currency swap with China’s central bank, locking in reserves through 2027 election appeared first on Crypto Briefing .
Timeline
4 recorded events- 10 Aug 2026DevelopmentArgentina Turned $10,000 in Peso Savings Into $114. Steve Hanke Says the Fix is Incomplete
In Argentina, inflation has fallen sharply under Javier Milei. Yet a decade of destroyed savings and expensive long-term credit explains why Argentines continue to seek dollars. Argentines borrow at 29.9% on a long-term mortgage. Ecuadorians, who use the US dollar, borrow at 7.5%. Steve Hanke, the economist who helped Ecuador make that switch in 2000, The post Argentina Turned $10,000 in Peso Savings Into $114. Steve Hanke Says the Fix is Incomplete appeared first on BeInCrypto .
- 06 Aug 2026DevelopmentChina accuses US of obstructing Huawei cooperation in Argentina
Rising U.S.-China tensions over tech influence in Argentina could hinder diplomatic engagements and affect global market dynamics. The post China accuses US of obstructing Huawei cooperation in Argentina appeared first on Crypto Briefing .
- 06 Aug 2026DevelopmentRiver Plate reaches verbal agreement with Atletico Madrid for Thiago Almada in €20M deal
River Plate's strategic acquisition of Almada highlights Argentine clubs' growing competitiveness and influence in South American football. The post River Plate reaches verbal agreement with Atletico Madrid for Thiago Almada in €20M deal appeared first on Crypto Briefing .
- 05 Aug 2026DevelopmentArgentina renews $19B currency swap with China’s central bank, locking in reserves through 2027 election
Argentina's renewed currency swap with China strengthens its financial stability but complicates U.S. relations, impacting future policies. The post Argentina renews $19B currency swap with China’s central bank, locking in reserves through 2027 election appeared first on Crypto Briefing .
Quick facts
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Frequently asked
- What is the current state of inflation in Argentina?
- Inflation in Argentina has fallen sharply under Javier Milei.
- Why do Argentines seek dollars?
- Argentines seek dollars due to a decade of destroyed savings and expensive long-term credit, despite recent declines in inflation.
- What are the long-term borrowing rates in Argentina?
- Argentines borrow at 29.9% on a long-term basis.