Currency as a lifeline

Argentina’s Javier Milei needs dollars to keep his economic overhaul on track. The Trump administration’s financial support buys him time but doesn’t solve the problem of what to do with the peso. Argentina’s currency trades in a band to help fight inflation but critics say it is overvalued. Reuters chief correspondent for emerging markets Karin Strohecker joins host Carmel Crimmins to talk currency bands and geopolitics.  Sign up for the Reuters Econ World ⁠⁠newsletter⁠ (https://www.reuters.com/newsletters/reuters-econ-world/) Join us in person or online at the ⁠Reuters Next⁠ (https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://events.reutersevents.com/next/newyork/&ved=2ahUKEwi6yfGZ4vuQAxV5wAIHHa5KLCwQFnoECBcQAQ&usg=AOvVaw2h2aoUxluGMvnhUEzXZJZb) festival on December 3rd and 4th. Our Standards:⁠ The Thomson Reuters Trust Principles⁠ (https://www.thomsonreuters.com/en/about-us/trust-principles.html) Further Listening ⁠The dollar⁠ (https://www.reuters.com/podcasts/dollar-2025-04-16/) ⁠The World Bank and the IMF⁠ (https://www.reuters.com/podcasts/world-bank-imf-2025-04-23/) ⁠Currency (https://www.reuters.com/podcasts/currency-2024-06-05/) Learn more about your ad choices. Visit megaphone.fm/adchoices (https://megaphone.fm/adchoices)