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.

By Paul Chaderjian