Argentina is grappling with a severe economic crisis as the annual inflation rate surged past 211 per cent in December, reaching levels not witnessed since the early 1990s, according to official data.

Argentina faces economic crisis as inflation soars over 200pc under President Javier Milei

In a display of public discontent, thousands took to the streets of Buenos Aires to voice their opposition to President Javier Milei's economic shock measures. The demonstrations marked the first major challenge for Argentina's new libertarian leader, who assumed office with a commitment to reduce public spending.

Protests erupt in Buenos Aires against Milei's economic overhaul 

In the next set of plans to bring Argentina out of the current economic crisis, the country's central bank changed its key monetary policy tool.

Argentina swaps key monetary policy tool

Argentina is grappling with a severe economic crisis as inflation reaches a staggering 143 per cent, forcing citizens to adapt their spending habits. Hard-hit by rising prices, Argentines are increasingly resorting to second-hand clothing markets, not only to find affordable apparel but also to generate extra income by selling their old garments.

Argentinians are shifting to second-hand clothing. Here's why

Argentina on Wednesday stepped up its efforts to de-dollarise its crisis-ridden economy as Buenos Aires announced that it will begin paying for Chinese imports in yuan instead of dollars.

Argentina moves away from US dollar for trade in Chinese currency

Argentina's debt restructuring talks, in a tense final stretch, hit a roadblock on Wednesday with the government determined not to cede further ground after making an improved offer and a key creditor group warning that negotiations had failed.

Argentina debt talks hit roadblock as government, creditors rattle sabers

Argentine lawmakers on Thursday unanimously approved a draft emergency food law to free up resources for social programs amid a worsening economic crisis.

Argentina lawmakers approve emergency food bill