“What is known is this: There’s little chance of getting...

“What is known is this: There’s little chance of getting financial help from abroad. Foreign bond investors – who have already pushed down the price of Argentina’s overseas bonds to about 20 cents on the dollar – are too scarred by a string of past defaults to lend the country money now. The International Monetary Fund is unlikely to step in this time either. It’s already committed some US$44 billion to the country and is showing no interest in pledging more capital.”

“Fears of the government’s insolvency are so acute that savers rushed to yank dollars from their bank accounts last month. Dollar deposits fell to their lowest since 2016 as Argentines withdrew almost US$750 million.”


https://www.batimes.com.ar/news/economy/argentina-is-running-out-of-cash-to-stave-off-devaluation.phtml