At stake in Argentina's election: replacing the peso with the U.S. dollar

Oct 20, 2023
Argentine presidential candidates Javier Milei has vowed to dollarize Argentina's economy and close down the central bank.
Far right presidential candidate Javier Milei has proposed dollarizing Argentina’s economy. Above, a supporter of Milei holds fake $100 bills that bear Milei's face.
Tomas Cuesta/Getty Images

Road to recovery may be long for some emerging markets

Sep 5, 2018
The value of emerging market currencies keeps tumbling. Argentina’s peso has lost half its value against the dollar this year. Same with the lira in Turkey. Investors are souring on Brazil. India. South Africa. Mexico. Indonesia. Some of these countries have been through currency and financial crises before. And each case is different. But sometimes […]

Mexico could face inflation worries with deregulation and rise in gas prices

Jan 5, 2017
The cost of gasoline in Mexico has spiked since the start of the new year. And people there are protesting about it. That’s because President Enrique Pena Nieto’s administration deregulated the industry. The problem is that the Mexican economy is struggling and the peso is losing value.  And, the rise in gas costs could also […]