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International Business Times
International Business Times
Business

Argentine Peso Drops Against Dollar Despite US Backing

United States Javier Milei Donald Trump Scott Bessent Argentina Buenos Aires
El ministerio de Economía de Argentina, en Buenos Aires, en una imagen del 8 de septiembre de 2025 (Credit: AFP)

Argentines scrambled Friday to buy dollars and household items as the peso depreciated against the greenback, despite multi-billion dollars of US support for the under-pressure currency.

The peso has been fluctuating wildly ahead of mid-term elections next week, disrupting the savings and spending plans of Argentines who fear it can lose even more value after the vote.

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