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in Costa Rica

Argentina’s Peso hit a record low to the dollar weakening

by Q COSTARICA Tuesday 12 March 2019, 8:34 am 1k Views

Argentina’s struggling currency hit a record low against the dollar on Thursday, weakening over 4% to close at 42.5 pesos per dollar, a challenge for President Mauricio Macri as he looks to right the economy ahead of elections in October.
The Argeninian peso, which strengthened at the start of the year has lost over 11% in 2019, renewing fears after a sharp sell-off in 2018 saw the currency lose half its value
The peso, which had strengthened at the start of the year, has lost over 11% in 2019, renewing fears after a sharp sell-off in 2018 saw the Argentine currency lose around half its value against the greenback.
The currency remains, however, within the limits of a non-intervention trading band agreed with the International Monetary Fund (IMF)