Opinion | Why Won’t President Milei Let Go of the Peso?

The Wall Street JournalThursday, October 9, 2025 at 8:30:00 PM
Opinion | Why Won’t President Milei Let Go of the Peso?
President Milei's reluctance to dollarize Argentina's economy raises questions about the underlying reasons. While technical objections are often cited, many believe they serve as mere pretexts. Understanding this stance is crucial as it impacts Argentina's financial stability and future economic policies.
— Curated by the World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
US buys Argentine pesos, finalises $20 billion currency swap framework
PositiveWorld Affairs
The United States has taken a significant step by purchasing Argentine pesos and finalizing a $20 billion currency swap framework with Argentina's central bank. This move, announced by US Treasury Secretary Scott Bessent, comes at a crucial time as Argentina faces economic challenges under President Javier Milei, who is closely aligned with Donald Trump. The support aims to stabilize Argentina's economy following recent electoral setbacks, highlighting the US's commitment to fostering economic stability in the region.
US buys Argentine pesos, finalises $20 billion currency swap framework
PositiveWorld Affairs
The United States has taken a significant step by purchasing Argentine pesos and finalizing a $20 billion currency swap framework with Argentina's central bank. This move, announced by US Treasury Secretary Scott Bessent, comes at a crucial time as Argentina faces economic challenges under President Javier Milei, who is closely aligned with Donald Trump. The support aims to stabilize Argentina's economy following recent electoral setbacks, highlighting the US's commitment to fostering economic stability in the region.
Defensive, wily and intense, Ecuador aims to make 2026 World Cup its best
PositiveWorld Affairs
Ecuador is gearing up for the 2026 World Cup with a strong performance in the qualifiers, highlighted by a significant victory over Argentina. This win not only showcased their depth and defensive skills but also marked a milestone for Enner Valencia, who scored the decisive penalty in his 100th match. As they prepare for the tournament, Ecuador's confidence is high, and their recent success could make them a formidable opponent on the world stage.
Defensive, wily and intense, Ecuador aims to make 2026 World Cup its best
PositiveWorld Affairs
Ecuador is gearing up for the 2026 World Cup with a strong performance in the qualifiers, highlighted by a significant victory over Argentina. This win not only showcased their depth and defensive skills but also marked a milestone for Enner Valencia, who scored the decisive penalty in his 100th match. As they prepare for the tournament, Ecuador's confidence is high, and their recent success could make them a formidable opponent on the world stage.
US buys Argentinian pesos, finalises $20bn currency swap, says US Treasury
PositiveWorld Affairs
The US Treasury has finalized a significant $20 billion currency swap with Argentina, a move that underscores the strengthening economic ties between the two nations. This comes at a crucial time for Argentina's right-wing President Milei, who is gearing up for a critical midterm election this month. The currency swap not only provides Argentina with much-needed liquidity but also signals confidence in Milei's leadership, which could have positive implications for both countries' economies.
US buys Argentinian pesos, finalises $20bn currency swap, says US Treasury
PositiveWorld Affairs
The US Treasury has finalized a significant $20 billion currency swap with Argentina, a move that underscores the strengthening economic ties between the two nations. This comes at a crucial time for Argentina's right-wing President Milei, who is gearing up for a critical midterm election this month. The currency swap not only provides Argentina with much-needed liquidity but also signals confidence in Milei's leadership, which could have positive implications for both countries' economies.
US buys Argentine pesos, finalizes $20 billion currency swap framework
PositiveWorld Affairs
The United States has taken a significant step by purchasing Argentine pesos and establishing a $20 billion currency swap framework with Argentina's central bank. This move, announced by Treasury Secretary Scott Bessent, comes at a crucial time as Argentina faces economic challenges under President Javier Milei, a Trump ally. The support is expected to stabilize the Argentine economy and strengthen ties between the two nations, especially ahead of important mid-term elections.
US buys Argentine pesos, finalizes $20 billion currency swap framework
PositiveWorld Affairs
The United States has taken a significant step by purchasing Argentine pesos and establishing a $20 billion currency swap framework with Argentina's central bank. This move, announced by Treasury Secretary Scott Bessent, comes at a crucial time as Argentina faces economic challenges under President Javier Milei, a Trump ally. The support is expected to stabilize the Argentine economy and strengthen ties between the two nations, especially ahead of important mid-term elections.
Opinion | Can Takaichi Make Japan Competitive Again?
PositiveWorld Affairs
Prime Minister Takaichi is optimistic about revitalizing Japan's competitiveness by aligning her security policies with the country's economic and political needs. This approach could not only strengthen Japan's position on the global stage but also address domestic challenges, making it a significant moment for the nation.
Opinion | Can Takaichi Make Japan Competitive Again?
PositiveWorld Affairs
Prime Minister Takaichi is optimistic about revitalizing Japan's competitiveness by aligning her security policies with the country's economic and political needs. This approach could not only strengthen Japan's position on the global stage but also address domestic challenges, making it a significant moment for the nation.
Cristina Fernández de Kirchner: Argentinian court sentences man to 10 years for attempted assassination
PositiveWorld Affairs
A Buenos Aires court has sentenced Fernando Sabag Montiel to 10 years in prison for attempting to assassinate former president Cristina Fernández de Kirchner. This ruling, which also includes an eight-year sentence for his accomplice, marks a significant moment in a case that has drawn national attention since the incident in 2022 when a gun was pointed at Kirchner but did not fire. The verdict is seen as a crucial step in upholding justice and ensuring the safety of public figures in Argentina.
Cristina Fernández de Kirchner: Argentinian court sentences man to 10 years for attempted assassination
PositiveWorld Affairs
A Buenos Aires court has sentenced Fernando Sabag Montiel to 10 years in prison for attempting to assassinate former president Cristina Fernández de Kirchner. This ruling, which also includes an eight-year sentence for his accomplice, marks a significant moment in a case that has drawn national attention since the incident in 2022 when a gun was pointed at Kirchner but did not fire. The verdict is seen as a crucial step in upholding justice and ensuring the safety of public figures in Argentina.
Latest from World Affairs
‘Spirit’ of Trump-Putin summit is alive and well – Kremlin
NeutralWorld Affairs
Kremlin spokesman Dmitry Peskov has stated that the spirit of the recent Alaska summit between Trump and Putin remains strong, even as discussions with Kiev are currently on hold. This highlights the ongoing diplomatic dynamics and the importance of international dialogues in addressing geopolitical tensions. The mention of the summit's enduring influence suggests that both nations are still considering the implications of their past interactions.
What to Know About the Gaza Deal
PositiveWorld Affairs
The recent deal between Israel and Hamas marks a significant step towards peace in the region, focusing on the release of all living hostages held by Hamas. This agreement is crucial as it not only aims to alleviate the humanitarian crisis in Gaza but also opens the door for further negotiations, potentially leading to a more stable and peaceful coexistence. The implications of this deal could reshape the dynamics in the Middle East, making it a pivotal moment for both parties.
Afghanistan accuses Pakistan of 'violating sovereign territory'
NegativeWorld Affairs
Afghanistan has accused Pakistan of violating its sovereign territory following two loud explosions in the city on Thursday night. This accusation highlights ongoing tensions between the two nations, particularly as the Taliban government seeks to assert its authority and protect its borders. The situation is significant as it could escalate diplomatic conflicts and impact regional stability.
Tuchel criticises England fans, World Cup qualifying news, referee Taylor on abuse: football – live
NeutralWorld Affairs
In the latest football news, England defender Djed Spence has once again taken to social media to celebrate his performance after England's recent victory. His posts often highlight his defensive skills, particularly in 'locking up wingers.' Meanwhile, Thomas Tuchel has voiced his concerns regarding the behavior of England fans, and referee Taylor has addressed the abuse officials face during matches. These discussions are crucial as they reflect the ongoing challenges in football, from player conduct to fan behavior and the treatment of referees.
Yvette Cooper defends children as young as 13 needing digital ID – UK politics live
NeutralWorld Affairs
Yvette Cooper, the Foreign Secretary, has advocated for young teenagers as young as 13 to have digital IDs, calling it the 'right way forward.' This discussion comes amidst a challenging election night for the Liberal Democrats, Labour, and Conservatives in the Skelton East ward of Redcar and Cleveland council, where Reform UK achieved a record 65.3% of the vote. The implications of digital IDs for youth are significant, as they could enhance access to services while also raising concerns about privacy and security.
Israel ratifies Gaza ceasefire and hostage release plan
PositiveWorld Affairs
Israel has taken a significant step by ratifying a ceasefire and a plan for the release of hostages in Gaza. This decision, which includes a partial withdrawal of the Israel Defense Forces from the enclave, is crucial as it aims to reduce tensions and pave the way for a more peaceful resolution in the region. The approval of this outline by the government signals a willingness to engage in dialogue and prioritize humanitarian concerns, making it a pivotal moment for both Israeli and Palestinian communities.