Argentina's peso hits record low against US dollar

Buenos Aires has asked International Monetary Fund for an advance on a $50bn bailout loan, but many doubt the country can meet its financial obligations.

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    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 bailout loan.

    But there is growing concern about whether the country can meet its financial obligations.

     

    Al Jazeera's Paul Chaderjian reports.


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