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Argentina's Peso Continues To Plummet Despite Macri's Bid To Calm Markets

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According to a report by Reuters, after seven straight days of declines in Argentina's peso, President Mauricio Macri addressed the nation on Wednesday to reassure markets that the South American country had no trouble paying its debts. However, the announcement that Macri had asked the International Monetary Fund to speed up the disbursement of a 50 billion dollar loan only prompted an additional 7 percent drop in the national currency.

Added on the 30/08/2018 19:27:35 - Copyright : Wochit

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