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(Bloomberg) -- Argentina’s black market exchange rate hit a record 1,040 pesos per dollar Tuesday, continuing a sharp selloff as Argentines rush to buy greenbacks before the Oct. 22 presidential election. Most Read from BloombergIsrael Latest: Top US General Warns Iran to Stay Out of ConflictHamas Got Around Israel’s Surveillance Prowess by Going DarkIsrael Latest: Biden Assures Netanyahu of US Support in CallSchumer Confronts Xi on Israel-Hamas Stance in Rare MeetingBrutality of Surprise Attack

The country’s international reserves were at negative US$ 3.5 billion before the payment

Net financing so far this year reached more than AR$1.8 trillion

The government wants to defer between AR$9.2 and AR$9.5 trillion

In its second May auction, the government faced maturities for AR$447.8 billion