August 30, 2018

Argentina's peso hits record low against US dollar

Argentina's currency, the peso, has hit a record low against the US dollar. President Mauricio Macri has asked the International Monetary Fund for an advance on a $50bn dollar bailout loan.

But there is growing concern about whether the country can meet its financial obligations. Al Jazeera's Paul Chaderjian reports.

Al Jazeera

Argentina: IMF agrees to release funds (video) - teleSUR
Statement by the IMF’s Managing Director on Argentina - IMF

Argentina Asks The IMF For The Second Disbursement (video) - teleSUR
Argentina burns reserves, asks for early IMF help as peso crashes - Reuters

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