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    World

    South America

    This Month

    Claudia Sheinbaum addresses supporters at the Zocalo, Mexico City’s main square, after declaring victory.

    Mexico’s first woman president inherits debt and violence

    Claudia Sheinbaum capitalised on outgoing President Andrés Manuel López Obrador’s popularity while also inheriting rampant criminal violence and a large fiscal deficit.

    • Maya Averbuch and Alex Vasquez

    May

    A worker counts money at a grocery store in Buenos Aires.

    Argentina launches 10,000-peso notes, worth $17, as inflation bites

    The new note, worth five times more than the previous largest note, was introduced as Argentina’s annual inflation rate reached 287 per cent in March.

    • Ciara Nugent

    April

    Argentine President Javier Milei.

    Javier Milei fuels wild rally that makes peso No. 1 in world

    The currency has, in fact, not only stopped plunging day after day but in one key foreign exchange market, it’s actually rallying sharply.

    • Ignacio Olivera Doll