• Argentina's currency continues to slide despite the world's highest interest rates and a $50 billion IMF bailout

    2 monthes ago - By Business Insider

    The Argentine peso was down more than 1% against the dollar on Tuesday.
    Sweeping austerity measures and a $50 billion credit line have failed to prop up the currency.
    Follow the peso in real time here.
    The Argentine peso continued to slide Tuesday, even after officials stepped up efforts to support a historic International Monetary Fund credit line that had been extended to the country earlier this year amid a spiraling economic crisis .
    Even a central bank rate hike to 60% last month has failed to prop up the currency. The peso, which has shed about half of its value this year and is the...
    Read more ...

     

  • Argentina's currency continues to slide despite the world's highest interest rates and a $50 billion IMF bailout

    Argentina's currency continues to slide despite the world's highest interest rates and a $50 billion IMF bailout

    2 monthes ago - By Business Insider

    The Argentine peso was down more than 1% against the dollar on Tuesday.
    Sweeping austerity measures and a $50 billion credit line have failed to prop up the currency.
    Follow the peso in real time here.
    The Argentine peso continued to slide Tuesday, even after officials stepped up efforts to support a historic International Monetary Fund credit line that had been extended to the country earlier this year amid a spiraling economic crisis .
    Even a central bank rate hike to 60% last month has failed to prop up the currency. The peso, which has shed about half of its value this year and is the...
    Read more ...

     

  • Argentina's currency continues to slide despite the world's highest interest rates and a $50 billion IMF bailout

    Argentina's currency continues to slide despite the world's highest interest rates and a $50 billion IMF bailout

    2 monthes ago - By Business Insider

    The Argentine peso was down more than 1% against the dollar on Tuesday.
    Sweeping austerity measures and a $50 billion credit line have failed to prop up the currency.
    Follow the peso in real time here.
    The Argentine peso continued to slide Tuesday, even after officials stepped up efforts to support a historic International Monetary Fund credit line that had been extended to the country earlier this year amid a spiraling economic crisis .
    Even a central bank rate hike to 60% last month has failed to prop up the currency. The peso, which has shed about half of its value this year and is the...
    Read more ...