Tag Archives: Peso


Argentina’s economy minister resigns as peso sheds value

08 August, 2019 2:29 am 2:29 am

BUENOS AIRES – Argentina’s economy minister Nicolas Dujovne has resigned amid a financial crisis exacerbated by the president’s defeat in a primary poll. The country’s peso shed 20% of its value against the US dollar after President Mauricio Macri suffered the resounding loss last Sunday. In a letter to the president, Mr Dujovne said he … Read More

IMF studying Argentina request for early help as peso crashes

08 August, 2018 10:29 am 10:29 am

BUENOS AIRES (Reuters) – The International Monetary Fund said it was studying a request from Argentina to speed up disbursement of a $50 billion (38.46 billion pounds)loan program after a collapse in investor confidence in President Mauricio Macri’s government sent the peso tumbling more than 7 percent on Wednesday. It was the biggest one-day decline … Read More