Tag: LINK|i4-WP-WSJ-0003027961

BUENOS AIRES—When he ran for president of Argentina, Javier Milei compared the country’s currency to excrement, telling Argentines to forget the peso and vowing to scrap it altogether.

Now Milei’s government is using its precious few reserves of American dollars to buy pesos and prop up their value, a stark departure from his free-market overhaul of the country’s economy. And he is asking for billions of dollars from the Trump administration to keep the peso from sliding.