

I don’t know jack about economics or finance. But perplexity is pretty good about sticking to academic research when instructed to. Answers condensed for brevity; I also bolded the final conclusion.
me: is the united states is presently supporting the Argentine currency?
Yes, the United States is currently supporting the Argentine currency (the peso) through various measures […]
me: give historical examples where similar currency supports have achieved their objective
Mexican Peso Crisis (The “Tequila Crisis”) in 1994-1995 […] Asian Financial Crisis (South Korea) in 1997-1998
Key Takeaway success was largely due to:
Massive Scale: The bailouts were large enough to overwhelm speculative attacks and restore market confidence.
Strict Conditions/Reforms: The funding was tied to the recipient country agreeing to and implementing serious, politically difficult, and far-reaching structural and fiscal reforms that addressed the root causes of the crisis.
me: is the current $20 billion US bailout for Argentina sufficient in scale?
The current consensus among many analysts is that the $20 billion U.S. financial support package (primarily a currency swap line and potential bond purchases) is a strong political signal and a crucial temporary lifeline, but is unlikely to be sufficient on its own to resolve Argentina’s deep-seated structural and currency crisis in the long term.
Bridge on the River Kwai (1957), starring Alec Guiness