Argentina peso crisis: Move to seek IMF aid criticized | Argentina News

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The Argentine peso has fallen to a historic low towards the greenback, elevating fears of one other monetary disaster.

The nation has been stricken by years of excessive inflation and unemployment – issues an austerity drive has struggled to include.

President Mauricio Macri is looking for billions of in help from the Worldwide Financial Fund, a transfer that has upset many Argentinians.

A trainer tells Al Jazeera: “We can’t make it until the tip of the month. The cash is value nothing. Going again to the IMF is like going again in time, we carry on making the identical errors over and over.”

Al Jazeera’s Teresa Bo studies from Buenos Aires.



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