Economy of Argentina GDP levels in the world, at par with Canada and Australia and surpassing both France and Italy. Argentina today (2018) is plagued by currency crisis which involved a potential bailout from International Monetary Fund. The currency declined by 18% over a period of 12 days in May 2018 to more than 25 Argentine pesos per U.S. Dollar. Argentina is considered an emerging market by the FTSE Global Equity Index (2018), and is one of the G-20 major economies. Prior to the 1880s, Argentina was a relatively isolated backwater, dependent on the salted meat, wool, leather, and hide industries for both
Foreign relations of Argentina Foreign relations of Argentina This article deals with the diplomatic affairs, foreign policy and international relations of Argentina. At the political level, these matters are officially handled by the Ministry of Foreign Relations, also known as the "Cancillería", which answers to the President. The Minister of Foreign Relations, since June 2017, is Chancellor (es: "Canciller") Jorge Faurie. Owing to its geographical remoteness, local authorities in what is today Argentina developed an early sense of autonomy. Based largely on economic needs, during colonial times their pragmatism led to a flourishing unofficial market in smuggled goods, out of the then-small port of