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.
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.
Published On 30 Aug 2018