But Argentines are conspicuously lacking in confidence. An estimated $20 billion has fled the country this year, according to the central bank, and Argentines have converted more than $20 billion worth of pesos into dollars this year, signaling a lack of faith in Macri’s promises to stabilize the economy and fears that devaluations will continue to weaken the domestic currency.

Source: The Argentine peso has lost half its value this year. Now the country is racing to prevent it from plunging further