Why Argentina’s Economic Crisis is Still Getting Worse

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The Argentine Peso is still declining in value even after a £20 billion bailout from the Trump administration. So what exactly is going wrong for Milei? Why hasn't the bailout moved the needle? And is there any way out for their economy?

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Sources:

Peso vs dollar
https://tradingeconomics.com/argentina/currency 

Bessent X posts
https://x.com/SecScottBessent/status/1970107351912075454 
https://x.com/secscottbessent/status/1970821535507026177?s=42 

Fiddle-y policies
https://www.reuters.com/sustainability/boards-policy-regulation/argentina-central-bank-raises-banks-reserve-requirements-after-corruption-2025-08-26/ 
https://www.reuters.com/sustainability/boards-policy-regulation/argentina-central-bank-raises-banks-reserve-requirements-after-corruption-2025-08-26/ 

Direct interventions
https://www.bloomberg.com/news/articles/2025-10-08/ars-usd-milei-s-dollar-sales-bolster-peso-stoke-argentina-devaluation-bets 
https://www.bloomberg.com/news/articles/2025-10-07/milei-running-short-of-dollars-as-argentina-awaits-us-lifeline 

Economic growth stats
https://www.bloomberg.com/news/articles/2025-09-17/argentine-economy-dips-in-second-quarter-cutting-rebound-short 
https://www.bloomberg.com/news/articles/2025-08-20/argentina-s-economy-extends-downturn-in-june-before-midterms 

Trade account flipping into deficit
https://x.com/Brad_Setser/status/1944472570549477416/photo/1 

Robin Brooks analysis
https://robinjbrooks.substack.com/p/how-overvalued-is-argentinas-peso
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