Originally Posted by Siempre Viajando

Argentines can feel fortunate that although the peso is not "much of a Currency", at least the situation hasn't deteriorated like in Maduro's Venezuela! One can speculate about what might have happened had Cristina and her cronies stayed in power, but the institutions of the government of Argentina proved strong enough to prevent this from happening.

You might look to Perú as an example of a Latin American country that has done well in the last twenty years to restore faith in the local currency. After two rounds of hyperinflation in the 1980s, the government of Alberto Fujimori stablized the currency (the Nuevo Sol) and subsequent governments, corrupt and feckless as they may have been, have more or less stuck with the plan. The Nuevo Sol is fully convertible, currency controls are a thing of the past and the exchange rate vis a vis the US dollar, Euro, etc., is stable enough in the long term that Peruvians, rich and poor alike, don't need to worry about rushing to the bank to buy dollars the same day they receive their paycheque in local currency.

I wonder why this has not yet happened in Argentina? Perhaps because there hasn't been the right sort of leadership in the Casa Rosada, but I suspect the real reason is more deeply cultural, as Gaucho100K notes.