All the conclusions here are based on the government's official USD/peso exchange rate, which until a recent devaluation, had been completely out-of-sync with the black market exchange rate.
From this AP article published in December: https://apnews.com/article/argentina-inflation-milei-currenc...
"The previous government sought to deny reality by strictly limiting Argentinians’ ability to exchange pesos into U.S. dollars or other foreign currencies. As a result, the official exchange rate made the peso look stronger than it actually was — around 400 pesos for every U.S. $1 before the devaluation that Milei’s government announced Tuesday. But no one was fooled. The black market has lately pegged the peso at around 1,000 per $1."
"At the heart of Milei’s audacious economic agenda is his plan to devalue the peso from 400 to 800 per $1 U.S. dollar and then by an additional 2% each month. Part of the goal is to make Argentina’s exports less expensive — and thus more competitive — overseas and reduce the country’s gaping trade deficit."
"Some economists worry that Milei’s devaluation doesn’t actually go far enough. His plan would narrow — but not close – the gap between the official exchange rate and the 1,000-peso-to-$1 rate in the black market."