The Argentine Peso vs. the US Dollar The Argentine peso, known as the worst-performing currency in emerging markets, could potentially be replaced by the dollar if Javier Milei, an Argentine economist vying for the presidency, emerges victorious in October. Milei has suggested that to address triple-digit inflation, Argentina should formally adopt the US dollar. Currently, Argentina's central bank has set the benchmark interest rate at 97%. Economists are predicting a recession in 2023, which would be the third one within