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Economy & Business - September 2025
ARGENTINA: Milei’s inflation war riles bankers and exporters
Argentina’s President Javier Milei made headlines during his 2023 election campaign by promising to shut down the central bank (BCRA) and eliminate the national currency in favour of the US dollar. Today he is fighting tooth and nail to defend the peso, and the central bank has become one of his main policy instruments in doing so. Milei’s underlying objective is to use the currency as an anchor for inflation, the dragon the president promised to slay. The issue could be the main driver that will shape the outcome of the mid-term congressional elections on 26 October.
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