Argentine peso takes biggest dip in 12 years

The currency dropped three percent as the government imposed restrictions on online purchases and black-market trading.

    The Argentine peso has dropped three percent against the dollar, the biggest single day fall in 12 years.

    Thursday's adjustment came as the central bank scaled back its intervention to preserve international reserves that have fallen to a seven-year low.

    Earlier this week, the government announced restrictions on internet purchases and took measures to control trading on the black market.

    Al Jazeera's Daniel Schweimler reports from Buenos Aires.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    'We scoured for days without sleeping, just clothes on our backs'

    'We scoured for days without sleeping, just clothes on our backs'

    The Philippines’ Typhoon Haiyan was the strongest storm ever to make landfall. Five years on, we revisit this story.

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    Daughters of al-Shabab

    Daughters of al-Shabab

    What draws Kenyan women to join al-Shabab and what challenges are they facing when they return to their communities?