Unstable currency leads American Airlines to stop accepting pesos in Argentina

American Airlines has stopped accepting the Argentine peso, with the carrier now listing all prices on its website for tickets from Argentina in US Dollars. The move comes following increasing instability in Argentina's economy and the recent devaluation of the peso. In December, Argentina's new president, Javier Milei, cut the value of the peso by 50% in a bid to tackle the rampant inflation that has been at the heart of the country's economic crisis. Inflation recently reached as high as 160%, and as a result, it now takes around 810 Argentine pesos to buy one US Dollar. Throughout his election campaign, President Milei made no secret of his desire to shut down the Central Bank of Argentina and move towards USD. This is not the first time that the airline has stopped accepting the Argentine peso. According to The Messenger, the carrier temporarily suspended payments in pesos in 2015, citing exchange problems with the USD.<br/>