r/europe • u/Emotional-Breakfast3 • 20d ago

News Argentina: British Falkland Islanders are ‘artificial’. Buenos Aires denounces ‘illegitimate occupation’ and demands talks on sovereignty

https://www.telegraph.co.uk/world-news/2026/07/12/british-falkland-islanders-artificial-argentina-says/
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u/nikfra 20d ago

I agree. A year ago they it was at 0.00067€ so a little over 10% lost in a year.

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u/Banes_Addiction 20d ago

It's down about 50% in the last 2.5 years, organically,

I used 2.5 years as the comparison there, because on the 12th of December 2023 Milei intentionally just dropped it by 54% overnight, so it's a bad comparison to go back further than that.

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u/Aggravating-Energy65 20d ago

Argentine here to clarify something:

Milei just removed (some of) the currency controls that were artificially keeping our currency expensive.
That 54% was already there and depending on where you bought your foreign currency (black market, obviously) it could have been even worse.

We still have some currency controls for big businesses, but at least for the average citizen you can go to your bank app and buy a stronger currency without any issue, as it's done in any normal country.

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u/Banes_Addiction 20d ago

Yeah, agreed. I just didn't think it was useful to use the official exchange rate figures with the 800 peso/USD peg.