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.

by

    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.


    YOU MIGHT ALSO LIKE

    Interactive: How does your country vote at the UN?

    Interactive: How does your country vote at the UN?

    We visualised 1.2 million votes at the UN since 1946. What do you think are the biggest issues facing the world today?

    'We were forced out by the government soldiers'

    'We were forced out by the government soldiers'

    We dialled more than 35,000 random phone numbers to paint an accurate picture of displacement across South Sudan.

    Interactive: Plundering Cambodia's forests

    Interactive: Plundering Cambodia's forests

    Meet the man on a mission to take down Cambodia's timber tycoons and expose a rampant illegal cross-border trade.