Argentine peso opens nearly 4.0 percent down | 2018-08-30 | daily-sun.com

Argentine peso opens nearly 4.0 percent down

Sun Online Desk     30th August, 2018 09:28:37 printer

Argentine peso opens nearly 4.0 percent down

Argentina's peso continued its slide against the dollar Thursday, opening nearly 4.0 percent lower despite a joint effort by the government and the IMF to calm markets.

 

President Mauricio Macri and International Monetary Fund chief Christine Lagarde agreed Wednesday to speed up payments of a $50 billion dollar IMF loan to counter heightened volatility in Argentina's battered economy.

 

The currency has lost more than 40 percent of its value against the dollar since the beginning of the year.


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