Argentinian Javier Milei's government inherited a huge inflation rate from the past government with a Record money-printing the past government Alberto Fernández left with 9.439 billion banknotes in circulation which is an 80 percent increase over the span of four years.
As a result of excessive printing of banknotes coupled with other economic issues, the country experienced a record high inflation rate.
Javier Milei took office at the height of all this and inflation is predicted to continue rising the country recorded its highest inflation rate in 32 years
But Javier implemented some strict policies including a 50% devaluation of the nation’s currency and an aggressive cut down in government expenditure including reducing the numbers of his cabinet members.
With these strict measures step-by-step the Inflation rate went down and things began to stabilize in the country.