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LatinNews Daily - 03 September 2025
In brief: Argentina’s gov’t to intervene to stabilise peso
*Argentina’s government led by President Javier Milei has announced that it will intervene in the currency market in a bid to slow the depreciation of the peso in recent days. In a post on social media, Argentina’s Finance Secretary Pablo Quirno stated that, as of yesterday (2 September), the national treasury would “participate in the free exchange market in order to contribute to its liquidity and normal functioning”. The decision marks a shift for Milei’s government, which has heralded free-market economics and allowed the peso to float within established bands. It comes amid volatility in Argentina’s financial markets due to concerns that an ongoing corruption scandal could harm the chances of Milei’s far-right La Libertad Avanza in upcoming elections and impact the president’s ability to push through economic reforms.
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- In brief: Argentina’s gov’t to intervene to stabilise peso