Latin American Economy & Business - September 2018 (ISSN 1741-7430)

At different points in the last few decades a long list of Argentine presidents and ministers have tried to draw a line in the sand, defending the national currency against waves of apparently remorseless speculative attack. It usually hasn’t ended well. President Mauricio Macri undertook the latest defence of the peso on 29 August; while the currency markets have now calmed a little, the government remains under pressure.