Argentine peso

If it could be maintained it would strengthen the embattled peso, allowing tough currency controls limiting dollar access to be unwound

Argentina's Economy Minister, Luis Caputo, declared an unprecedented step to devalue the peso by more than 50%, aiming to rescue the country's struggling economy. This decision, changing the dollar conversion rate to 800 pesos per dollar from 365, comes early in President Javier Milei's tenure.

Argentina will pay for Chinese imports in yuan instead of U.S. dollars in order to preserve its dwindling foreign reserves, Economy Minister Sergio Massa has said.